Samsung India Sets Up World's Biggest Mobile Factory In Noida

| July 9 , 2018 , 13:40 IST

Samsung is ready to unveil its biggest mobile factory in the world at sector 81 Noida in Uttar Pradesh. Prime Minister Narendra Modi and South Korean President Moon Jae-in are invited to inaugurate the factory on Monday.

As per media reports, Samsung India had announced Rs. 4,915 crore investment to expand the plant in June 2017. Samsung, before the expansion of the plant was making 67 million smartphones in the country. It is expected that the new plant will double the production to 120 million units. The expansion decision will also benefit the company to increase the production capacity of other durable Samsung electronics commodities like refrigerators and flat panel televisions.

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"For Samsung, India is among the top five smartphone markets globally. The US is saturated and Korea and Brazil are not growing significantly. India is a big opportunity across price segments, including 2G feature phones. It makes sense for Samsung to build a bigger manufacturing base here," Jaipal Singh, Senior Market Analyst, IDC, told IANS.

Samsung has one more manufacturing plant in Sriperumbudur, Tamil Nadu and 1.5 lakh retail outlets in the country that provide employment to over 70,000 people in the country.

Samsung India was set up in 1995 and commenced its production in 1997. The company is planning to increase its total production in India from 10 percent to 50 percent in the next three years.