Samsung opens world’s largest smartphone factory in India
The factory in Noida, on the outskirts of New Delhi, will double Samsung’s Noida unit capacity for mobile phones to 120 million units a year from 68 million units a year, the company said in a statement. The phase-wise expansion will be completed by 2020, it added.
Samsung's Noida plant was set up in 1996 and is the first of two manufacturing units in India. The plant started with the manufacture of TV sets way back in 1997, and mobile phone manufacturing unit was added in 2005.
The new facility will make everything from low-end smartphones that cost under $100 to its flagship S9 model.
“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 in a statement.
Samsung said last year it will spend 49.2 billion rupees ($716.57 million) over three years to expand capacity at its Noida plant.
I congratulate the team of @Samsung_IN and convey my best wishes to them on the inauguration of the Noida mobile unit. Samsung is one of the several companies from the Republic of Korea that are making a mark globally, endearing themselves to people from all walks of life. pic.twitter.com/M6xQ48d6e3— Narendra Modi (@narendramodi) July 9, 2018
The new 35-acre facility, inaugurated jointly by Indian Prime Minister Narendra Modi and South Korean President Moon Jae-in, will also help Samsung to compete with rivals such as China’s Xiaomi, which displaced the South Korean company as India’s biggest smartphone brand by shipments earlier this year.
Xiaomi also plans to set up three more factories in India.
All these ventures are in line with Modi’s flagship program ‘Make in India’ to lure investors to manufacture in one of the world’s fastest growing major mobile phones market. India attracted record foreign direct investment in the past year totaling $62 billion, including reinvestment.
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Last year, India overtook the United States to become the world’s second-largest smartphone market after China. There will be 780 million connected smartphones in 2021, compared with 359 million in 2016, according to a study by Cisco Systems.
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