Samsung opens world's largest smartphone manufacturing facility in India

Samsung opens world's largest smartphone manufacturing facility in India

South Korean President Moon Jae-in's trip to India will help create the next largest market for his country, Seoul's trade minister said on Monday (July 9), calling India the next China for South Korea, Yonhap news agency reported.

The company now makes around 67 million smartphones in India and with the new unit being functional the production is expected to increase to almost 120 million mobile phones.

The South Korean tech giant said Monday that it's opening the world's largest phone factory in Noida, near the outskirts of New Delhi.

India, the report said, was emerging as a key economic partner for Korea, with its huge market whose importance would only increase as South Korea tried to reduce its reliance in its two biggest trading partners, China and the US.

Xiaomi is also building up its presence in India, where its cheaper devices have appealed to price-conscious consumers.

"We trust that with Korean technology and Indian manufacturing, we will produce the best products of the world", Prime Minister Modi said.

While Modi's flagship "Make in India" campaign is still a long way from delivering on ambitious job promises, the programme has had some success with the phased manufacturing of mobile devices and components.

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Speaking on the new investment, a Samsung official had said that the latest investment in Noida plant would double the production capacity of smartphones.

He stressed that over one crore mobile phones would be manufactured in the new Samsung facility, which will give a boost to the country's economy, adding that with the help of South Korea's technological expertise and India's manufacturing expertise, both the countries' economies would be empowered.

With the begnining of this New Plant India's Make In India and Skill India Will get a major Push in the country.

New factory will double current capacity for mobile phones to an annual 120m units.

Samsung India chief executive officer HC Hong said that the Noida factory, the world's largest mobile factory, is a symbol of Samsung's strong commitment to India.

70,000 employees are now working for Samsung, and they are looking forward to expand their offline presence to 1.5 lakh retail outlets.

India now counts about 400 million smartphone users out of its population of 1.3 billion people, meaning there's still a vast amount of potential consumers to draw from, the Verge noted. India now has 120 mobile manufacturing factories that have provided employment to over 4 lakh people in just four years, Modi added.

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