Published: Tue, July 10, 2018
Industry | By Dora Warner

PM Modi Will Inaugurate World’s Largest Smartphone Factory in Noida!

PM Modi Will Inaugurate World’s Largest Smartphone Factory in Noida!

India's Prime Minister Narendra Modi and South Korea's President Moon Jae-in take a tour inside the Samsung Electronics smartphone manufacturing facility after it's inauguration in Noida, India, July 9, 2018.

The facility will also double Samsung's capacity in India from 68 million units per year to 120 million units annually.

Samsung India also announced its new "Make for the World" initiative, with an aim to export smartphones produced in India. "We are aligned with government policies and will continue to seek their support to achieve our dream of making India a global export hub for mobile phones", H C Hong, Chief Executive Officer, Samsung India, said. "Altogether, over 400,000 people are working in those units and Samsung is spearheading this with a workforce of 70,000 people", Modi said.

Announcing the investment a year ago, the South Korean giant said that it would position the Noida plant as a major production hub and create about 5,000 new jobs.

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Today Samsung is opening what it describes as the world's biggest mobile phone manufacturing facility.

Samsung's Noida plant, set up in 1996, has been manufacturing smartphones, refrigerators and flat-screen televisions.

A total of 11 MoUs were signed between India and South Korea including on cooperation in the field of biotechnology and bio-economics and on cooperation in the field of ICT and Telecommunications. Smartphones made in India are expected to account for almost one third of the entire production in the world. A bigger manufacturing plant, spread over 129000 sq. metres, will help Samsung meet the growing demand. I am delighted that Korean companies are taking part in this fast-paced India.

Earlier this year, China's Xiaomi displaced Samsung from the No. 1 smartphone spot in the country, breaking its long-held dominance. During the same time-frame, Xiaomi's share increased to 31.1 per cent from 13.1 per cent.

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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.

"I am committed to raise relations with India to the level of those with our four major powers around the Korean peninsula", Moon said, adding that this commitment was embodied in his new southern policy outlined past year. "Mobile manufacturing in India has been [riding] on the shoulders of Chinese brands of late, but the expansion of a brand like Samsung will send a very positive message across the globe". The facility will manufacture 1 crore units per month with around 30% of the production will be exported to countries in Middle East and African region.

The Indian Express reported on May 21 that the government's proposed framework includes efforts to improve the ease of doing business for electronic manufacturers and address concerns such as cost of financing, logistics, and bringing the entire supply chain ecosystem of production to India.

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