Published: Tue, July 10, 2018
Tech | By Amelia Peters

Samsung plant will enhance economy, boost India-Korea ties: PM Modi

Samsung plant will enhance economy, boost India-Korea ties: PM Modi

Samsung is being viewed as perfectly positioned now to take full advantage of India's rapidly growing demand for smartphones. "Mobile manufacturing in India has been [riding] on the shoulders of Chinese brands of late, but the expansion of a brand like Samsung will send a very positive message across the globe".

"Our Noida factory, the world's largest mobile factory, is a symbol of Samsung's strong commitment to India, and a shining example of the success of the government's "Make in India" programme".

Prime Minister Narendra Modi on Monday along with South Korean President Moon Jae-in inaugurated world's largest smartphone factory in Uttar Pradesh.

Samsung didn't immediately respond to a request for comment.

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

Samsung, which has been assembling phones in India since 2007, also plans to export India-made handsets.

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"Today is an important day in making India a global hub for manufacturing".

The new Samsung factory will have the capacity to fabricate 120 million smartphones per year, and make everything from low-end smartphones that cost under $100 to the company's flagship S9 model, according to the company. "Apart from this, the company can also bring in export opportunity for Samsung to SAARC and other regions", Pathak told IANS.

As of now, Samsung has two manufacturing units in India: Besides Noida, they have a unit in Sriperumbudur, Tamil Nadu and 5 research and development centres.

"The visit to India and Singapore by the head of state marks a move towards launching the New Southern Policy in earnest", Mr Kim Hyun-chong told reporters, referring to President Moon's key foreign policy that seeks to greatly enhance the country's relationship with India and 10 members of the Association of South-east Asian Nations (Asean). Over the weekend, Samsung opened the world's largest mobile phone factory on the outskirts of Delhi, via Bloomberg. "Whenever I talk to business community representatives, I always encourage them to manufacture in India".

Looking back at how Samsung started operations in India, it was in 1997 that the company initiated churning out televisions which were followed by refrigerator production in 2003. More than 10 percent of its total production now takes place in India - but that figure could rise to 50 percent within the next three years if everything goes to plan.

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