Noida now has the largest mobile factory in the world

Samsung Sets up Worlds Largest Mobile Factory in Noida PC IANSSamsung Sets up Worlds Largest Mobile Factory in Noida PC IANS

Prime Minister Narendra Modi and visiting South Korean President Moon Jae-in today inaugurated Samsung's largest mobile phone manufacturing facility at Sector 81 in Noida, Uttar Pradesh.

In 2005, the current mobile manufacturing unit was added, production began in 2007, and in 2012, when Samsung became the country's leading mobile manufacturer, the Noida facility rolled out the first-ever Samsung Galaxy S3 phone.

Samsung has set-up this factory to tap into the lucrative and fast growing smartphone market in India.

Xiaomi is also building up its presence in India, where its cheaper devices have appealed to price-conscious consumers.

It now has a total of six factoriesthat it says can produce two smartphones every second.

India's smartphone market grew 14 per cent with total shipments of 124 million units a year ago, the fastest pace of growth among the world's top 20 markets, according to technology research firm IDC.

The South Korean President along with Prime Minister Modi will visit the Gandhi Smriti on Monday.

Modi said Samsung acquired an important position in the daily lives of the people of India.

The bigger plant will aid Samsung in meeting the "growing demand" for its products in India, as well as its goal of 'making India an export hub for the world, ' the firm noted.

Prime Minister Narendra Modi with South Korean President Moon Jae-in at Yamuna Bank Metro station, in New Delhi on Monday.

"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".

Last June, Samsung announced an investment of ₹4,915 crore to add new capacity at the Noida plant.

"I have hopes to raise Korea-India relations to that with the four major powers surrounding Korea to match India's global standing", Moon said. Apart from Noida, Samsung also has a factory in Sriperumbudur, near Chennai, five research and development centres and one design centre along with 1.5 lakh retail outlets and 3,000 customer service points. Stay with us as we bring you all the latest updates and information on Moon's India visit. "Now, this manufacturing unit is also coming here", Modi was quoted as saying. More than 120 local factories now assemble mobile phones and accessories like chargers, batteries, powerbanks and earphones in India, according to tech research firm Counterpoint.

India now counts about 400 million smartphone users out of its population of 1.3 billion people, meaning there's still a vast amount of potential consumers to draw from, the Verge noted.

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