Samsung opens world's largest mobile factory in India

South Korean smartphone manufacturer Samsung has opened the largest mobile manufacturing plant in the world. The plant is located in Noida, which is near the Indian capital of New Delhi and covers 32 acres of land.

The facility was launched on Monday by Indian Prime Minister Narendra Modi and South Korean President, Moon Jae-In.

Samsung reportedly expects its annual output to increase from 67mn to 120mn thanks to the factory, which is set to create 15,000 new jobs in India.

See also:

Xiaomi to open three more manufacturing facilities in India

Ericsson establishes Center of Excellence and Innovation Lab for 5G in India

Out now! The latest Asia edition of Business Chief

According to CNN, Samsung India’s CEO HC Hong has said the factory is “a symbol of Samsung’s strong commitment to India and a shining example of the ‘Make in India’ programme”.

The ‘Make in India’ programme was launched by Modi’s government in 2014 and focuses on 25 key sectors for growth including automobiles and components, chemicals, renewable energy and IT.

Smartphone maker Xiaomi, which recently took over Samsung as India’s biggest smartphone provider, has also committed to local manufacturing. The Chinese company announced it would open three more manufacturing facilities in India, bringing its total number in the country up to five and enabling Samsung’s competitor to produce up to two devices per second.

Share

Featured Articles

Hybrid live event shaping the future of Sustainability & ESG

Sustainability LIVE London returns for a two-day, multi-track conference programme featuring inspirational ESG speakers, debates and discussions

Nine must-attend sustainability events for business leaders

From London to Abu Dhabi, Singapore to San Diego, these sustainability-focused events are designed to help business leaders action their ESG goals

Daniel Weise of BCG on new supply chain and procurement book

Daniel Weise, global leader of Boston Consulting Group’s procurement business line, on the timely publication of his new book, Profit From The Source

Attract and retain talent with flexible working and benefits

Human Capital

Nurturing the next generation of women leaders in Africa

Leadership & Strategy

5 Mins With: Cybersecurity expert Ariel Parnes of Mitiga

Technology