Samsung is setting up world’s largest mobile manufacturing facility in Noida
South Korean Electronics major Samsung is setting up world’s largest mobile manufacturing facility in Noida. Prime Minister Narendra Modi along with South Korean President Moon Jae-in will launch world’s biggest mobile facility with the opening of Samsung plant in Noida’s Sector 81 today. This is the first ever visit of Moon Jae-in to India. In front are open fields with grazing cattle, to the left are under-construction residential societies and to the right is its existing facility – this where Samsung has set up what is the world’s largest mobile factory. This is a major boost to “Make in India” initiative programme in India.
Not China or South Korea — and certainly not the US, the tag of housing the world’s largest mobile facility has put Noida on top of the world manufacturing map when it comes to consumer electronics. The South Korean President will be accompanied by senior members of his cabinet, officials as well as industry captains. First Lady Kim Jung-sook will also be accompanying the President.
Samsung has opened a brand new 35-acre Electronics facility at Sector 81 in Noida, Uttar Pradesh. A helipad adjacent to the factory has been made in as Prime Minister Narendra Modi and South Korean President Moon Jae-in will be landing together to inaugurate it. Also, Samsung Electronics’ heir apparent Lee Jae-Yong departed for India on Sunday to lay the groundwork to further expand in the Indian smartphone market.
The Noida plant was was set up in 1996 and is the first of two manufacturing units in India for the company. The plant started with the manufacture of televisions way back in 1997, and mobile phone manufacturing unit was added in 2005.
In 2012, Samsung became the leader in mobile phones in the country and the Noida facility rolled out the first-ever “Galaxy S3” device. Today, Samsung is the market leader across mobile segments.The company currently has over 10 percent of its overall production in India and aims to take it to 50 percent over the next three years.
Last year, Samsung invested Rs 4,915 crore to double its manufacturing capacity for smartphones and refrigerators in the Noida plant. The Korean chaebol said that the investment would position the Noida plant as a major production hub and create about 5,000 new jobs.
Besides the factory in Noida, Samsung also has a production unit in Sriperumbudur, Tamil Nadu, five R&D centres and one design centre in Noida, employing over 70,000 people. The company’s investment proposal was recently approved by the UP Government under its Mega Policy.
Stay tuned for updates!
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