Samsung heir leaves for India with two missions

  • Samsung heir leaves for India with two missions

Samsung heir leaves for India with two missions

Prime Minister Narendra Modi will inaugurate it, along with South Korean President Moon Jae-in.

The foundation stone of the Noida plant was laid by Samsung in 1996. Samsung's factory in Sector 81 in Noida, will be capable taking manufacturing to 120 million mobile phones from the current capacity 67 million mobiles, which are being made in India, according to the company.

Samsung, the world's leading smartphone manufacturer, has opened a new factory in Noida, Uttar Pradesh, India, which is touted as the world's largest mobile factory.

By 2022, India's smartphone users are expected to shoot up to a whopping 442 million.

"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". In a year's time, the new facility is ready for production, which the double output for the company.

Looking back at how Samsung started operations in India, it was in 1997 that the company initiated churning out televisions which were followed by refrigerator production in 2003.

Samsung's new Mobile factory: World's largest?

. "It makes sense for Samsung to build a bigger manufacturing base here", Jaipal Singh, Senior Market Analyst, IDC, told IANS.

According to IHS Markit, Samsung yielded to China's Xiaomi in terms of market share in India for the October - December period in 2017.

The South Korean President along with Prime Minister Modi will visit the Gandhi Smriti on Monday. Officially the event will start at around 5.30 pm in the evening. There are two in Bengaluru, one in Pune, one in Delhi and one in Noida. After smartphones, they can go into building top-of-the-line products in other categories like TVs, refrigerators as advance manufacturing in India still lags behind.

Samsung is expectedly betting big as India is now the second biggest mobile market and accounts for 10 per cent of global smartphone sales.

With the begnining of this New Plant India's Make In India and Skill India Will get a major Push in the country.