Sunday, 22 July, 2018


Samsung opens world's largest phone factory in India

Samsung Sets up Worlds Largest Mobile Factory in Noida PC IANSSamsung Sets up Worlds Largest Mobile Factory in Noida PC IANS Noida now has the largest mobile factory in the world
Melba Vasquez | 09 July, 2018, 17:41

He is being accompanied by First Lady Kim Jung-sook on his maiden visit to the nation.

The factory, inaugurated jointly by Indian Prime Minister Narendra Modi and South Korean President Moon Jae-in, will also help Samsung to compete with rivals such as China's Xiaomi, which became India's biggest smartphone brand by shipments earlier this year.

South Korean President Moon Jae-in arrived in New Delhi on Sunday on a four-day visit that is expected to see Asia's third and fourth largest economies forge new partnerships in the economic sphere with some big-ticket investment announcements. Modi categorically said that the new plant will help firming up India's position in global market.

The $12-billion trade deficit between India and South Korea could widen if India gives 17 open lines on trade that their visiting delegation is asking.

Samsung factory is key to India-Korea relations, stated Modi.

Ahead of the visit, a spokesperson in Moon's office in Seoul had said that the leaders will focus on expanding "future-oriented cooperation" between the two countries.

"This is a significant departure from Korea's traditional foreign policy", the article noted, adding that, "It is partly a hedging strategy amid the US-China tug-of-war in the region, and partly a forward-looking move to address how Korea and India can together meet the demands of a dynamic future".

Swaraj and President Moon shook hands with other officials and then held talks.

The total number of Indian nationals living in South Korea is estimated to be around 11,000.

The company is now making 67 million smartphones in India and with the new plant being functional, it is expected to manufacture almost 120 million mobile phones.

"Posco was certainly an unhappy experience". Last year, in June 2017, the South Korean giant had announced Rs 4,915 crore investment to expand the new Noida plant.

While Modi's "Make in India" campaign is still a long way from delivering on ambitious job promises, the program has had some success with the phased manufacturing of mobile devices and components.

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