Published: Mon, July 09, 2018
Industry | By Terrell Bush

PM Modi To Open World's Largest Cellphone Factory Near Delhi Today

PM Modi To Open World's Largest Cellphone Factory Near Delhi Today

Samsung now manufactures over 60 million smartphones annually in India and with the new plant, it is expected to manufacture almost 120 million mobile phones.

Samsung's "World's Biggest Mobile factory': Prime Minister Narendra Modi and South Korean President Moon Jae-in will be inaugurating a Samsung Electronics facility in Noida today, which will be for manufacturing mobile phones, and possibly the largest in the world". This is in addition to Samsung's existing manufacturing facility in Noida. The new facility is spread across an area of over 140,000 square meters. The current mobile phone manufacturing plant was introduced back in 2005, though it only started manufacturing phones in 2007.

The facility is expected to double Samsung's production capacity of consumer electronics like refrigerators and flat panel TVs, further consolidating the company's leadership in the segment. "Apart from this, the company can also bring in export opportunity for Samsung to SAARC and other regions", Pathak told IANS.

The foundation stone of the Noida plant was laid by Samsung in 1996. In 2003, refrigerator production began. Both the leaders will be landing together in Noida to visit the plant. 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.

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Moon, who arrived in New Delhi on Sunday on a four-day visit to India, is expected to meet Lee Jae-yong, the son and heir of Samsung's current chairman Lee Kun-hee, for the first time since he took power in May previous year. The US is saturated and Korea and Brazil are not growing significantly. Demand for new phones is surging in India, helped in part by billionaire Mukesh Ambani offering $23 4G feature-phones, free voice services and cheap data plans.

Samsung is one of the top feature phone manufacturers in India with 20.5 per cent of market share at the end of 2017, according to IDC.

"They are now looking at building a complete ecosystem". Numerous software products designed for Samsung's smartphones in India are developed by these R&D teams. "With the new facility, Samsung is going to have an edge over its rivals", Singh noted. Samsung's Noida plant also has a Research and Development Centre, and there's is a design centre as well. Samsung had previous year announced a fresh investment of ₹ 4,915 crore to expand the existing plant by another 35 acres.

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