Samsung opens world’s largest mobile phone factory in Noida, doubles capacity

Noida now has the largest mobile factory in the world

PM Modi also reflected on the benefits of the GeM (Government e-Market), saying that the scheme has helped the government to purchase produces directly from the producers, thereby profiting the small and medium entrepreneurs.

At the launch PM Modi said, "India has 40 crore smartphones and around 32 crore people use broadband".

Samsung Electronics on Monday announced the opening of what it said is the world's biggest mobile phone manufacturing facility as the South Korean tech group seeks to expand production in the world's fastest growing major mobile phone market. They will also visit a Samsung plant in Noida. "I hope smartphones produced by this plant are exported to more countries, strengthening cooperation between other countries", Moon said.

Samsung India, that registered 27 per cent growth in mobile business revenue for the financial year 2016-17 - accounting for a whopping Rs 34,300 crore of its reported Rs 50,000 crore sales - won't be able to hide the smile when the new facility kicks off production from July 9. Samsung is aiming to manufacture 120 million phones a year.

By 2012, Samsung became the market leader in mobile phones in the country and the Noida facility rolled out the first-ever "Galaxy S3" device.

The facility which was jointly inaugurated by Prime Minister Narendra Modi and Moon Jae-in, President of the Republic of Korea, was announced previous year in June where the company unveiled its expansion plans at an investment of Rs 4915 cr to add new capacity to the Noida plant. At 4 PM, Moon will visit Gandhi Smriti at 5, Tees January Lane. Mr Moon, who is accompanied by senior members of his Cabinet, officials, as well as industry captains, will be given a ceremonial welcome at the Rashtrapati Bhavan on Tuesday. First Lady Kim Jung-sook too was present with the President Moon.

South Korean President Moon Jae-in arrived in New Delhi on Sunday on a four-day visit that is expected to see Asia's third and fourth largest economies forge new partnerships in the economic sphere with some big-ticket investment announcements.

Moon was received here by Minister of State for External Affairs VK Singh, ministry spokesperson Raveesh Kumar said.



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