Samsung goes big in India with 'world's largest mobile factory'

Saul Franklin
July 10, 2018

"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. Such is the importance of the factory, India's Prime Minister Narendra Modi and South Korean President Moon Jae-in will be in attendance to inaugurate it.

Mobile manufacturing was added in 2005.

Ahead of the trip to India, Moon and his office emphasized the importance of India in the New Southern Policy on numerous occasions before the trip.

Samsung has also been populating printed circuit boards (PCB) right from its inception, whereas its Chinese rivals have started the PCB assembly just after the Indian government imposed a 10% duty on imports of populated printed circuit boards (PCBs), camera modules and connectors, making the imports of the components expensive while giving a stimulus to local manufacturing under its Make in India program.

As Samsung can manufacture its full range of phones at this one facility, the company can react to the local market with the population now preferring phones costing below $250 due to levels of income. "Apart from this, the company can also bring in export opportunity for Samsung to SAARC and other regions", Pathak told IANS.

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.

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"We "Make in India", "Make for India" and now, we will "Make for the World", HC Hong, Chief Executive Officer at Samsung India, said in the statement. I am delighted that Korean companies are taking part in this fast-paced India. Samsung also informed that the factory has been made under PM Modi's ambitious plan, Make in India. Out of 120 mobile factories, 50 are in Noida only. Today, Samsung is the market leader across mobile segments.

In June 2017, Samsung had announced an investment of ₹4,915 crore to add capacity at the Noida plant, under the Uttar Pradesh government's Mega Policy.

Modi was seen explaining finer points during the ride as eager commuters on stations waived and clicked pictures of the two leaders from their mobile phones.

The dignitaries boarded a train on the Blue Line route connecting Dwarka to Noida City Centre around 4:30 pm at the Mandi House station and alighted at the Botanical Garden station around 5 pm.

This is President Moon's first-ever state visit to India after he took over as the President previous year. "Such a large facility will help Samsung cater to the huge demand in a country of 1.3 billion people where there are only 425 million smartphone users".

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