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.

Related:

Comments

Latest news

Trudeau suggests Ford doesn't fully understand Canada's refugee system
"At many announcements in front of media, and at rallies in front of thousands of people, Premier Doug Ford was clear Dr. The letter claimed that there were more than 3,000 refugee claimants and asylum seekers living in shelters and hotels.

Train derailment in Turkey causes deaths and injuries
People and rescuers carry an injured woman after a train accident at Corlu district in Tekirdag, on 8 July, 2018. A top Turkish official says 24 people were killed in the derailment of a passenger train in northwestern Turkey.

German, NATO officials wary of Trump-Putin summit
Only Trump has billed the summit as such as a success", said Beyer, a member of Merkel's Christian Democrats. NATO's stated goal is 2 percent.

Rescuers prepare to move rest of boys, coach from Thai cave
The boys and their coach had been stranded in Tham Luang Nang Non when they went exploring in the cave after a scrimmage. The boys who have already been rescued have been rushed to hospital for 48 hour observation following their ordeal.

Fekir Likely to Stay at Lyon, Says Aulas
If Nabil is here, it makes my job easier. "He is our captain and it is the coach's wish to keep him". Houssem Aouar has signed a new five-year contract with Lyon , the Ligue 1 club have confirmed.

Other news