The good-old well known Samsung, known for its high-tech electronic gadgets is expanding its manufacturing presence in India by inaugurating the world’s largest mobile manufacturing unit in Noida, Uttar Pradesh.
Known for ultimate smartphones and ultra modern gadgets, Samsung – the Korean electronic giant is ready to expand its manufacturing presence in India with world’s largest mobile phone manufacturing company in Noida. Samsung has built a humongous 35-acre electronics unit at Sector 81 of Noida – which turns out to be the world’s largest mobile manufacturing unit. Interestingly, the unit was actually set up to manufacture television units in 1996, and the company added manufacturing of mobile phones from the same unit since 2005 – almost a decade after its inception.
It was then, and after two decades, Samsung has emerged as a global leader in the field of producing and providing top quality smartphones. Today, Samsung is producing around 10 per cent of its overall production in India and it wants to take this figure to 50 per cent in the coming three years. The tech giant has invested a total of Rs 4915 crore to double its manufacturing capacity for smartphones and refrigerators in the Nodia unit – which is to be inaugurated by the leaders of South Korea and India soon.
Moon Jae-in, the President of South Korea who will visit India for the first ever time to mark is likely e the opening of the largest Samsung plant along with Prime Minister Narendra Modi on Monday. In this visit, the South Korean President will be joined by senior members of his cabinet, government officials and some of the industry experts of the field. The president will also be accompanied by the first lady Kim Jung-sook in the visit. At the same time, Lee Jae-Yong, the vice chairman of Samsung electronics has also left for India to lay the foundation of the company’s proposed plan for further expansion in the Indian smart phone market. The new mega facility will come out as the major production hub of the company and along the way will generate around 5,000 new jobs.