Samsung's "World's Biggest Mobile factory': Prime Minister Narendra Modi and South Korean President Moon Jae-in will be inaugurating a Samsung Electronics facility in Noida today, which will be for manufacturing mobile phones, and possibly the largest in the world". The plant started with the manufacture of televisions way back in 1997, and mobile phone manufacturing unit was added in 2005.
Samsung's new 35-acre facility in Sector 81, Noida, Uttar Pradesh will be one of the biggest in the world.
Said to be built at a cost of ₹ 4,500 crore, the Samsung's Noida plant can produce 12 crore mobile phones every year, ranging from low-end smartphones to its flagship Samsung Galaxy S9, and will create 15,000 local jobs.
Not just mobiles, the expansion of the current facility will double Samsung's production capacity of consumer electronics like refrigerators and flat panel televisions, further consolidating the company's leadership in these segments. "Apart from this, the company can also bring in export opportunity for Samsung to SAARC and other regions", Pathak told IANS.
Samsung's Noida plant was set up in 1996 and is the first of two manufacturing units in India. In 2003, refrigerator production began. Thereafter, they will also visit a Samsung plant in Noida, Uttar Pradesh.
Samsung's Mobile factory in India: What time will it be inaugurated? .
When it comes to mobile manufacturing, Samsung is manufacturing over 10 per cent of its overall production in India, and aims to take it to 50 per cent in the next three years, according to IANS. The US is saturated and Korea and Brazil are not growing significantly. Keep in mind that the 120 million means feature phones as well. That's one reason why Apple Inc. has struggled to gain market share in India, with most iPhone models priced beyond $500, according to a Bloomberg Intelligence report earlier this month.
PM Modi has pushed "Make in India" initiative, encouraging companies to set up plants in India. "With the new facility, Samsung is going to have an edge over its rivals", Singh noted.
Samsung has two manufacturing plants - in Noida and in Sriperumbudur, Tamil Nadu - and five research and development centres in India.
A year ago in June, the consumer electronics major had announced that it would invest Rs 4,915 crore to double its manufacturing capacity for smartphones and refrigerators at its Noida plant.