Published: Tue, July 10, 2018
Hi-Tech | By Kristin Zimmerman

Samsung now owns the world’s largest mobile phone factory

Samsung now owns the world’s largest mobile phone factory

"India today is the second bigger manufacturer of mobile phones".

South Korean conglomerate Samsung Electronics Monday inaugurated what it said is the world's largest mobile factory that will have a capacity of 120 million handsets a year - almost double the current 68 million - under a phased expansion by 2020.

He described the opportunities between the two countries as "boundless" in a speech to Indian and South Korean businessmen just hours before inaugurating an expansion of Samsung Electronics' cellphone manufacturing unit in Uttar Pradesh jointly with Prime Minister Narendra Modi.

According to IDC in February this year, India saw a 14% annual growth in smartphone sales totalling 124 million units in 2017.

The mobile phone plant can produce almost 12 crore mobile phones every year, and will create 15,000 job opportunities. The 35-acre first-of-its-kind facility is expected to double Samsung's manufacturing capacity in the country. The current mobile phone manufacturing unit was added in 2005.

"Our Noida factory, the world's largest mobile factory, is a symbol of Samsung's strong commitment to India, and a shining example of the success of the Government's "Make in India" program", Samsung India CEO HC Hong said in a release tied to the news.

"I am committed to raise relations with India to the level of those with our four major powers around the Korean peninsula", Moon said, adding that this commitment was embodied in his new southern policy outlined past year. Out of 120 mobile factories, 50 are in Noida only.

"Today is an important day in making India a manufacturing hub".

In June last year, the South Korean giant announced a Rs 4,915 crore investment to expand the Noida plant and, after a year, the new facility is ready to double production. India is using 40 crore smartphones, 32 crore people are using broadband technology.

In a bid to woo farmers, Prime Minister Narendra Modi will be addressing Kisan Sammelans across in Uttar Pradesh in the next three weeks.

Announcing the investment a year ago, the South Korean giant said that it would position the Noida plant as a major production hub and create about 5,000 new jobs.

Samsung has two manufacturing plants - in Noida and in Sriperumbudur, Tamil Nadu - five R&D centres, and one design centre in Noida, employing over 70,000 people and expanding its network to over 1.5 lakh retail outlets. "The best part is that the company will export 30 per cent of the handsets made here to other markets", he said.

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