Prime Minister Narendra Modi and South Korean President Moon Jae-in inaugrate Samsung’s new factory in Nodida.
Samsung is gearing up to open what it calls the ‘world’s largest mobile factory’ in Noida, Uttar Pradesh. The Noida factory of Samsung will be inaugurated by Prime Minister Narendra Modi and South Korean President Moon Jae-in at around 5.30 pm today. Samsung’s 35-acre Noida factory will be world’s largest with a claim of 120 million mobile phones per year.
According to reports, the current capacity of Samsung’s mobile manufacturing plant in Noida, is around 67 million mobiles, which includes smartphones and feature phones. The new plant, which is being opened in Sector 81, Noida will basically double the capacity. Samsung also has a manufacturing unit in Sriperumbudur, Tamil Nadu as well.
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The factory will help Samsung to compete with rivals such as China's Xiaomi, which became India's biggest smartphone brand by shipments earlier this year. Samsung, which has been assembling phones in India since 2007, also plans to export India-made handsets, the company said in a statement. Prime Minister Narendra Modi's government has imposed taxes on imports of key smartphone components as part of a plan to encourage electronics manufacturing in India which would boost growth and create millions of new jobs.
Samsung announced that it will double the capacity of its mobile phone factory in Noida making it the largest phone factory in the world. President Moon Jae-in underlining the importance of the old link between the two countries said the plant will create a new IT civilisation forged in the sweat of Indian and Korean workers.
Also Read | PM Modi, Prez Moon Jae-In inaugurate world's largest mobile phone factory, will produce 1 crore sets a month
PM Modi and Prez Moon Jae-In signed the Samsung Galaxy S9 handset while inspecting the production line.
After inaugurating the factory both Modi and Jae-In visited the production line of Samsung and toured the factory.
The two leaders inaugurated the largest Samsung mobile factory made with a budget of over Rs 4000 crore. The factory will provide jobs to more than 2000 people. The factory is being made under the Make in India policy of the Modi government.
India and Korea are alike in many ways and we will reinforce our cooperation, says Moon Jae-In who talks about the relation between South Korea and Uttar Pradesh which dates back to 2000 years.
The economies of the two countries will be benefitted from Samsung largest factory being inaugurated, there will be more jobs wherein more than 2000 jobs will be created in the factory, says Moon Jae-In.
India is ranked number two in mobile usage and in the last four years, the number of manufacturing factories in mobiles has gone up to 120 from 2 in 2014. More than 4 lakh people have been provided jobs in these manufacturing factories. Samsung has given employment to 70,000 people in the country.
The development of online services has helped both big and small businesses. The digital transaction has also increased, Rs 41000 crore transactions have been done using BHIM app in the month of June alone, says PM Modi. The development of this factory will help in speeding the Make of India which is not just part of our economic policy but also a promise of good relations with countries like South Korea.
PM Modi addressing the opening ceremony said that the new facility will strengthen the relations of India and South Korea. The R&D hub of Samsung is also in India and now their largest factory will also be here. Modi said that the company has made an important position in the daily lives of the people.
Uttar Pradesh Chief Minister Yogi Adityanath said it was an important occassion for everyone. He touched upon how Korea and Uttar Pradesh had a historic relationsip when the pricess of Ayodhya was married to a Korean prince. He said the factory would give over 35,000 jobs directly and indirectly and hence the UP Government ensured that the unit got thje infrastructure and policy help it needed.
The manufacturing unit will produce new jobs for the organised and unorganised sector in the state. Adityanath invited new ventures to invest in Uttar Pradesh and said his government will help them in every field.
UP and South Korea have emotional connect, Queen of Ayodhya was married to the prince of South Korea about 2000 years ago says Yogi Adityanath. He adds that the two countries have strong trade and cultural relationship and thanks PM Modi. Adityanath says that the manufacturing unit worth Rs 4915 crores is being inaugurated within a year after it began construction.
The completion of the factory was made possible by the cooperation of the Indian government and the government of Uttar Pradesh, says Samsung India CEO.
Prime Minister Narendra Modi and South Korean President Moon Jae-in arrive at launch venue of Samsung's Noida factory.
The Noida factory of Samsung will be inaugurated by Prime Minister Narendra Modi and South Korean President Moon Jae-in soon. Uttar Pradesh Chief Minister Yogi Adityanath has already arrived at the launch venue. This is the third time Adityanath has visited Noida, which is considered to be a jinx for UP chief ministers.
The stage at the event clearly says: 'The world's largest mobile factory'. Under it is written, Make for the world. UP CM Yogi Adityanath is in front row with Union Minister Mahesh Sharma.
The Noida factory of Samsung will be inaugurated by Prime Minister Narendra Modi and South Korean President Moon Jae-in soon. Uttar Pradesh Chief Minister Yogi Adityanath has already arrived at the launch venue
Samsung's Mobile phone factory in Noida will reach its capacity of 120 million by the year 2020. Samsung says it plans to manufacture 1 crore mobile phones per month, but that will be when the factory reaches peak capacity. They will be exporting phones from India to other markets.
That's the big claim that Samsung is making, a capacity of manufacturing 120 million mobile phones per year. Of course, this means both smartphones and feature phones. In India, the entire smartphone market stood around 124 million shipments for all of 2017, according to data shared by IDC. The feature phone shipments stood at 164 million for all of 2017, according to IDC. However, such a large factory would mean that Samsung is possibily looking at exporting phones out of India to other South-East Asian markets as well.
Samsung's mobile phone factory in Noida will be inaugurated around 5.30 pm by Prime Minister Narendra Modi and South Korea's President Moon Jae-in. The factory's announcement in India will be seen as a boost for the 'Make in India' programme of the NDA government.
Samsung is opening its factory in Sector 81 of Noida, where it has other plants as well. Samsung has been manufacturing in India since 1997 with television panels. Samsung's factories also manufacture fridges, television panels, washing machines, mobiles, smartphones in India. With the new investment, the mobile division's capacity will double to 120 million, claims the company. The current capacity is around 67 million, which includes both feature and smartphones. In India, feature phones still dominate and Samsung leads in this segment.