Indian Prime Minister Narendra Modi and South Korean President Moon Jae-in on Monday inaugurated Samsung Electronics’ new mobile phone manufacturing facility – claimed to be the world’s largest mobile factory – in Noida, Uttar Pradesh.
The new 35-acre facility will see the company doubling its current capacity for mobile phones in Noida to 120 million units a year, in a phase-wise expansion by 2020. Samsung India currently churns up 68 million units a year at its Noida plant.
The South Korean giant also launched its ‘Make for the World’ initiative, aiming to export mobile handsets produced in India, to overseas markets.
“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’ programme. Samsung is a long-term partner of India. We ‘Make in India’, ‘Make for India’ and now, we will ‘Make for the World’. We are aligned with Government policies and will continue to seek their support to achieve our dream of making India a global export hub for mobile phones,” HC Hong, CEO of Samsung India, said.
It is worth mentioning here that Samsung has been manufacturing mobile phones in India since 2007 and is the only brand that is truly made in India.
Last year, Samsung had revealed plans to invest Rs 4,915 crore to add new capacity at its Noida plant, as part of the Uttar Pradesh government’s mega policy.
The Noida factory, which was set up in 1996 is one of the first global electronics manufacturing facilities set up in India. A bigger manufacturing plant, spread over 129,000 sq. metres, will help Samsung meet the growing demand for its products and services across the country.
Since its entry into India in 1995, Samsung has consolidated its market leadership in the country with two factories, in Noida and Sriperumbudur, near Chennai, five R&D centers and one design center. These are supported by a network of over 1.5 lakh retail outlets and 3,000 customer service points.