PM Modi Will Inaugurate World’s Largest Smartphone Factory in Noida!

PM Modi Will Inaugurate World’s Largest Smartphone Factory in Noida!

Prime Minister Narendra Modi on Monday will visit Noida in Uttar Pradesh, to inaugurate a new unit of Samsung plant.

The facility in Sector 81 will allow Samsung to manufacture phones at a lower cost due to its scale, while other phone making hubs in China, South Korea and Vietnam are getting expensive, analysts who track the sector said. Seoul's presidential office also said that Moon briefed Swaraj on the idea of "partnership for people, mutual prosperity and peace" that he plans to present to Indian Prime Minister Narendra Modi during their summit scheduled for Tuesday.

The company is now making 67 million smartphones in India and with the new plant being functional, it is expected to manufacture almost 120 million mobile phones. The South Korean president then attended the opening ceremony of Samsung Electronics' plant in Noida, southeast of New Delhi. "Being one of the oldest manufacturers in India, the latest step to expand the facility may work to its advantage, say experts". He added the Samsung unit will export its products globally.

Announcing the investment previous year, the South Korean giant said that it would position the Noida plant as a major production hub and create about 5,000 new jobs. "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". The mentioned plant will double the smartphone production. "If our two countries can pool our efforts to succeed in lunar exploration, we will bring much hopes and dreams to our people", he said.

Samsung's digital display technology uses augmented reality to help fast food restaurants enhance their customer experience by predicting what a person is going to order as they approach the menu. "We "Make in India", "Make for India", and now we will "Make for the World", Samsung India CEO HC Hong said.

According to International Data Corp, India's smartphone market grew 14 percent a year ago to 124 million units, the fastest rate of growth among the top 20 markets.

Yogi Adityanath, Uttar Pradesh chief minister said that the state government has provided all necessary support to Samsung in establishing the new facility. India is a big opportunity across price segments, including 2G feature phones.

Moon arrived in New Delhi on Sunday on a four-day visit to India. Today, Samsung is the market leader across mobile segments. "This will [also] help the ecosystem and auxiliary industries grow as they will have demand to be met", he added.

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