It’s a big achievement as one more big deal cracked by NDA government. On Monday, South Korean conglomerate Samsung Electronics launched the world’s largest mobile factory in Noida, India. It was inaugurated by Narendra Modi and South Korean President Moon Jae-in. For reaching the venue in Noida, Indian Prime Minister and South Korean President travelled by Delhi Metro. This factory will have a capacity of making 120 million handsets a year. With this, the expansion capacity has been increased almost double of the current one i.e. 68 million. Know more.
To increase the capacity at the manufacturing plant, the conglomerate made an investment of approximately 5,000 crore. In this, all kind of phones will be fabricated. It will manufacture from low-end smartphones that cost under $100 to the company’s flagship S9 model.
At the launch event, PM Modi called it as a matter of pride for both Uttar Pradesh as well as India. He also called this step would add to the pace of Make in India. This would empower citizens of the country. This new plant would provide employment to huge population. He also said that it would make around 1 crore phones every month. 30 per cent of the production will be exported to different countries of the world.
In 1996, Samsung’s Noida plant was established. It has been manufacturing smartphones, refrigerators and flat-screen televisions since then. But, it still lacks capacity for the bulk production. With this recent expansion, the capacity will get double and India will gradually become export hub for mobile phones. Indian government is also focusing on the framework to make India made electronics more competitive for global exports.