Noida City In India will now be recognized for one more thing and that is because Samsung has set up the world's largest mobile factory there. Firstly, it was said that they have decided to set up in China, South Korea and then in the US but in the end, Noida is finalized for the final outcome. Prime Minister Narendra Modi and South Korean President Moon Jae-in on Monday will inaugurate the 35-acre Samsung Electronics facility at Sector 81.
In last June, the South Korean giant declared a Rs 4,915 crore investment to expand the Noida plant. Recently, the company in India is making 67 million smartphones.
However, one of the Twitter users wrote: Samsung India: 2 Manufacturing Plants, 1 Design Centre, 5 R & D Centre,
70000 Employees, 15 Lac Distributors, Rs 50000 Cr Turonver, 6.7 Cr Mobile Hand sets manufactured in India apart from other white goods. Wish it was listed in India.
The Senior Market Analyst, IDC, Jaipal Singh said: "For Samsung, India is among the top five smartphone markets globally. The US is saturated and Korea and Brazil are not growing significantly. India is a big opportunity across price segments, including 2G feature phones. It makes sense for Samsung to build a bigger manufacturing base here."
Singh added, "They are now looking at building a complete ecosystem. After smartphones, they can go into building top-of-the-line products in other categories like TVs, refrigerators as advanced manufacturing in India still lags behind. With the new facility, Samsung is going to have an edge over its rivals."
Further HC Hong, President, and CEO, Samsung India reveals The company is the biggest manufacturing plant that will help them to meet the going needs for Samsung products across the country. As talking about the data of 2016-17, then the company recorded the growth of 27 percent and accounting for a whopping Rs 34,300 crore of its reported Rs 50,000 crore sales.
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