Published: Tue, July 10, 2018
IT | By Laverne Higgins

Samsung opens world's largest smartphone factory in India to boost production

Samsung opens world's largest smartphone factory in India to boost production

Indian Prime Minister Narendra Modi and South Korean President Moon Jae-in jointly inaugurated the new factory. India's government, naturally, is excitedly embracing the announcement as art of its "Make in India" initiative. "We "Make in India", "Make for India" and now, we will "Make for the World", said HC Hong, Chief Executive Officer, Samsung India. The factory will provide jobs to more than 2,000 people.

The factory, located in Sector 81 in Noida, now has a double production capacity of 120 million mobile devices a month.

"Almost every middle class Indian family is using at least one Korean product".

Chinese smartphone maker Xiaomi said in April it will set up three more factories in India. During 2017, the South Korean company shipped 317 million phones in total.

"The visit to India and Singapore by the head of state marks a move towards launching the New Southern Policy in earnest", Mr Kim Hyun-chong told reporters, referring to President Moon's key foreign policy that seeks to greatly enhance the country's relationship with India and 10 members of the Association of South-east Asian Nations (Asean).

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With this visit, relatioins between India and South Korea will not only reach new height but Make In India & skill India will also get a major Boost. Transactions worth Rs 410 bn have been done through BHIM app in June alone. In this context, he also spoke of the Government e-Marketplace (GeM), growth of digital transactions, BHIM App, and RuPay cards.

As Samsung can manufacture its full range of phones at this one facility, the company can react to the local market with the population now preferring phones costing below $250 due to levels of income.

Samsung is expected to unveil the Galaxy Note 9 in Brooklyn, New York, on August 9 and is teaming up with ARM to work on a mobile chipset that will run at speeds above 3GHz. India is using 40 crore smartphones, 32 crore people are using broadband technology. "Apart from this, the company can also bring in export opportunity for Samsung to SAARC and other regions", Pathak told IANS.

The South Korean president Moon Jae-in is on an official visit in India.

The company now has over 10 per cent of its overall production in India and aims to take it to 50 per cent over the next three years. In photos tweeted by PM Modi, the two leaders were seen chatting on the metro, the Akshardham temple visible in the window behind them.

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