PM Modi to inaugurate world's largest mobile factory in Noida today

PM Modi to inaugurate world's largest mobile factory in Noida today

The Samsung's new unit is also expected to create employment for more than 5000 people.

The new facility will help Samsung double its current capacity for mobile phones in Noida to an annual 120 million units after the phased expansion plan is complete, the company's statement said.

One of the first electronics manufacturing facilities set up in the country in the early 1990s, the plant started by manufacturing TVs in 1997.

Samsung factory is key to India-Korea relations, stated Modi.

The facility in Noida, on the outskirts of New Delhi, will allow Samsung to make phones at a lower cost due to its scale when other phone making hubs such as China are getting more expensive, analysts who track the sector said.

Unhappy Hamilton points finger at Ferrari's 'interesting tactics'
The Brit made it all the way through the field to finish on the podium at Silverstone , in P2, ahead of Raikkonen, but was not happy with how the start went.

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 two sides were looking at defence hardware procurement and manufacture, Prakash said pointing to India looking at minesweepers for the Indian navy.

The Samsung unit was set up in Noida back in 1995 and it was used to initially produce television sets. More than 120 local factories now assemble mobile phones and accessories like chargers, batteries, powerbanks and earphones in India, according to tech research firm Counterpoint. In just about an year of the announcement, Samsung's Noida plant is all-ready to double production.

Korea's main export items include automobile parts, telecommunication equipment, hot rolled iron products, petroleum refined products, and nuclear reactors. "After, seeing this, the feeling that I get is that India and Korea may be having different cultures, but the two countries share commonalities in values such as peace, harmony and unity in diversity", Moon said after visiting the iconic Akshardham temple. In 2003, refrigerator production began. Today, Samsung is the market leader across mobile segments.

At present, India attributes to 10 percent of overall production capacity of Samsung.

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