PM Modi, India's Prime Minister will today inaugurated World's largest smartphone factory in Noida.
Prime Minister Narendra Modi, South Korea President Moon Jae-in, UP Chief Minister Yogi Adityanath at the Samsung office in Noida, Monday. It is on the set of a former plant that used to make refrigerators and TVs, with smartphones joining the production line in 2007.
The plant is spread over 129,000 square meters, or 35 acres. 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 is now second in terms of phone manufacturing".
The South Korean tech giant said Monday that it's opening the world's largest phone factory in Noida, near the outskirts of New Delhi.
The new facility, which has been dubbed the "world's largest mobile factory", is located in Sector 81, Noida, Uttar Pradesh.
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He said the plant and what it represents for the two countries will go down in the history of bilateral relations of India and Korea.
Not China or South Korea - and certainly not the U.S. - the tag of housing the world's largest mobile factory has straight away put Noida on top of the world manufacturing map when it comes to consumer electronics. The plant started with the manufacture of televisions way back in 1997, and mobile phone manufacturing unit was added in 2005.
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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.
"The new facility with give direct jobs to 1,000 people, taking the existing workforce at this plant to 6,000".
The South Korean electronics giant had previous year announced a fresh investment of Rs 4,915 crore to expand the existing plant by another 35 acres.
President Moon will be formally received by India's President Ram Nath Kovind on Tuesday before holding talks with Modi in the Indian capital.
"For Samsung, India is among the top five smartphone markets globally".