Samsung is one of the biggest mobile manufacturing company that exists on this planet. And as a big company, they do need a big mobile factory. However, this Samsung did not go with countries like China or South Korea also not in the USA. Instead, they have set up their as well as the world’s largest mobile factory in Noida India.
The Samsung has a built their new 35-acre Samsung Electronics facility at Sector 81 in Noida, Uttar Pradesh. And it will see India’s Prime Minister Narendra Modi and South Korean President Moon Jae-in landing together at a quickly-prepared helipad at the inauguration of it on Monday.
Samsung is currently making 67 million smartphones in India. However, after their inauguration of the company, they are said to make 120 million mobile phones. Event the factory won’t just focus on manufacturing mobile devices, but other electronic products as well.
According to a statement by Tarun Pathak, The Associate Director at Counterpoint Research said “This will help Samsung bring some local features to the devices powered by R&D here. Apart from this, the company can also bring in export opportunity for Samsung to SAARC and other regions.”
As of now, Samsung has two India based plants which are located in Noida and in Sriperumbudur.
According to the Jaipal Singh, Senior Market Analyst statement, “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,”
“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.”