July 2018 \ Business & Investment \ MAKE IN INDIA
INDIA IS OVER THE MOON

The world's largest mobile factory unveiled by South Korean tech giant Samsung in Noida...

SAMSUNG’S LARGEST GLOBAL HUB 

 

The world's largest mobile factory unveiled by South Korean tech giant Samsung in Noida will not only generate more jobs but also make India a global export hub, Prime Minister Narendra Modi said on July 9, 2018 while inaugurating the new facility spread over 129,000 sq metres at Sector 81, Noida. Mr Modi said Samsung will export 30 per cent of the handsets made at the Noida factory to other markets.

"India is currently second in terms of phone manufacturing. Out of 120 mobile factories, 50 are in Noida only. Altogether, over 400,000 people are working in those units and Samsung is spearheading this with a workforce of 70,000 people. The new facility with give direct jobs to 1,000 people, taking the existing workforce at this plant to 6,000. The best part is that the company will export 30 per cent of the handsets made here to other markets," Mr Modi told the gathering at Noida.

The Prime Minister said the new mobile manufacturing unit will make India-South Korea relations stronger as Samsung's biggest global R&D centre was already here. "Almost every middle class Indian family is using at least one Korean product. Samsung has a distinct space in India. India is going through digital transformation and I encourage more companies from South Korea to come and invest here," Mr Modi noted.




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