World's largest mobile phone factory opens outside Indian capital
10 July, 2018, 03:53 | Author: Tara Roberts
In front are open fields with grazing cattle, to the left are under-construction residential societies and to the right is its existing facilty - this where Samsung has set up what is the world's largest mobile factory.
#09:50 AM: Launch of Samsung mobile unite a major push to Modi's "Make in India" policy: "Keeping with PM Modi's "Make in India" policy, the first step was taken today, both the leaders (South Korean President&PM Modi) will visit Samsung's manufacturing site which will be producing 10 million units of mobile phones per month by 2020", South Korean Trade Minister says. The plant in Noida was set up in 1996 where the company manufactured consumer products, including smartphones, refrigerators and television sets.
The mobile phone plant can produce almost 12 crore mobile phones every year, and will create 15,000 job opportunities. The new facility is spread across an area of over 140,000 square meters. "In the past four years, the number of mobile manufacturing factories has gone up from two to 120".
Giving a thumbs up to his government's Make In India initiative, PM Modi said, "Make in India initiative is getting support from all across the world".
The facility is expected to help Samsung build more cheap phones to make gains in India, a market dominated by the likes of Xiaomi and Lenovo'sMotorola unit.
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Last year, Samsung announced budget of Rs 4915 crore to expand the phone manufacturing factory, and now, the plant is ready to manufacture nearly every model of Samsung. 35,000 new jobs would be generated due to this new factory.
Earlier, South Korean PresidentMoon, who is on a three-day visit to India, addressed at the India-Korea business forum and visited Gandhi Smriti with Prime Minister Modi.
"India is witnessing dynamic development", Moon said, adding that his country would contribute actively to the "Make in India" policy aimed at boosting Indian manufacturing.
Samsung is expected to create 15,000 jobs through the new manufacturing unit. "The investment reaffirms Samsungs commitment to Make- in-India and Make-for-India and to the state of Uttar Pradesh", Samsung India had stated in a statement.
Samsung has two manufacturing plants - in Noida and in Sriperumbudur, Tamil Nadu - five R&D centres, and one design centre in Noida, employing over 70,000 people and expanding its network to over 1.5 lakh retail outlets. He spoke of the expansion of smartphones, broadband and data connectivity, which he described as signs of a digital revolution in India.
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