World’s Largest Mobile Phone Factory Set to Open in India

World’s Largest Mobile Phone Factory Set to Open in India

The World’s Largest Mobile Phone Factory is all set in Noida. Samsung Electronics has opened its largest production plant in Noida which would offer employment to over 60,000 people. The place is a marvel if you find a chance to visit you would find a grassland with cattle grazing and a helipad. Indian Prime Minister Narendra Modi and Korean Leader Moon Jae have landed in order to inaugurate the factory.

Samsung’s Noida based factory is much anticipated to double the production of the consumer electronics manufacturer. However, Samsung denied providing a further statement. The phase-wise expansion would be done by the year 2020.

Other smartphone manufacturers such as Xiaomi and Oppo are planning to set up factories in the fastest growing economies of the world for bolstering the Indian Prime Minister’s push towards overseas investment.

In the past year India, Asia’s third-largest economy attracted a direct foreign investment of $62 billion. “The opportunity is just massive,” said the header of CMR Pvt Ltd Faisal Kawoosa.  “Such a large facility will help Samsung cater to the huge demand in a country of 1.3 billion people where there are only 425 million smartphone users” – he added.

With total shipments amounting to 124 million units in the previous year drove India among the top 20 markets as per a report issued by the International Data Corp. The crave for new phones is rising in India and this is fulfilled by Mukesh Ambani who has been offering $23 4G feature phone, which affordable data plans and cheap voice services.

“We are aligned with Government policies and will continue to seek their support to achieve our dream of making India a global export hub for mobile phones,”- said the Chief Executive Officer of Samsung in a statement.

The newly set Samsung factory would manufacture everything from low to top end smartphones. New records are likely to be placed with the functioning of the Samsung Noida factory.

by Sawan Kumar on July 10, 2018

Related Articles