Samsung now owns the world’s largest mobile phone factory

Noida now has the largest mobile factory in the world

According to Samsung, its mobile phone factory will be the largest in the world, allowing for 120 million devices per year to be produced out of its Noida, Uttar Pradesh, facility - which now produces 68 million units each year.

Samsung India CEO HC Hong described the factory as a "symbol of Samsung's strong commitment to India and a shining example of the success of the government's "Make in India" program", referring to Modi's initiative to encourage global companies to invest in manufacturing operations in the country. The investment of Rs 5,000 crore by Samsung will strengthen India-South Korea relations,"PM Modi said".

Samsung Electronics on Monday announced the opening of what it said is the world's biggest mobile phone manufacturing facility as the South Korean tech group seeks to expand production in the world's fastest growing major mobile phone market.

"India is witnessing dynamic development", Moon said, adding that his country would contribute actively to the "Make in India" policy aimed at boosting Indian manufacturing.

"India is now second in terms of phone manufacturing".

It is also a shot in the arm for Modi's flagship "Make in India" campaign which is trying to attract foreign investment and drum up much-needed jobs in manufacturing.

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The facility in Sector 81 will allow Samsung to manufacture phones at a lower cost due to its scale, while other phone making hubs in China, South Korea and Vietnam are getting expensive, analysts who track the sector said.

India, the report said, was emerging as a key economic partner for Korea, with its huge market whose importance would only increase as South Korea tried to reduce its reliance in its two biggest trading partners, China and the US. In just about an year of the announcement, Samsung's Noida plant is all-ready to double production.

"In the last four years, the number of mobile phone manufacturing facilities has gone up from 2 to 120 and 50 such factories are in Noida". Thereafter, they will also visit a Samsung plant in Noida, Uttar Pradesh. Samsung also informed that the factory has been made under PM Modi's ambitious plan, Make in India.

Samsung is expected to unveil the Galaxy Note 9 in Brooklyn, New York, on August 9 and is teaming up with ARM to work on a mobile chipset that will run at speeds above 3GHz.

The prime minister's office (PMO) tweeted a picture of the two leaders travelling on the Delhi Metro.

"I feel proud as an Indian today". Out of a population of 1.3 billion, India has now only 425 million smartphone users.

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