Samsung today announced it is investing $70 million in its cellphone manufacturing facility in Noida, which would triple its manufacturing capacity. Samsung’s Noida facility is currently manufacturing multimedia, dual-SIM and touchscreen phones and is the company’s sixth manufacturing facility outside Korea and was started in 1996. The new investment will also be utilized to hire an additional 1,500 employees in its production line, taking the total number to 4,000. The Noida facility will now manufacture about 36 million cellphones a year, up from 12 million units a year. Samsung will be able to manufacture 60 models. Samsung’s cellphone biz is expected to grow by 70-80 percent this year in India. Also Read - WhatsApp is soon to change the way your data is backed up: What it means?
“India is one of the top three mobile markets for Samsung in the world and we stand committed to this market and our Indian consumers,” JS Shin, president and CEO, Samsung South West Asia said. Also Read - WhatsApp introduces 'Papa Mere Papa' stickers to celebrate Father's Day: How to download, send?Also Read - iPhone users now get Picture-in-Picture mode for YouTube videos worldwide