Earlier today, Samsung announced the opening of the “world’s largest” mobile phone manufacturing facility as it aims to expand production in world’s fastest growing smartphone market. The manufacturing plant was jointly inaugurated by India’s PM Narendra Modi along with South Korean President Moon Jae-in.
Samsung India also announced its new ‘Make for the World’ initiative, with an aim to export smartphones produced in India. The South Korean smartphone maker already has a facility in Noida, and with the new manufacturing plant, it aims to double the current capacity of mobile production from 68 million units yearly, to 120 million units in a year. However, it will be a phase-wise expansion, that will be completed by 2020. It is also when the company aims to export 30 percent of the smartphones manufactured in India, Samsung told BGR India.
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“Our Noida factory, the world’s largest mobile factory, is a symbol of Samsung’s strong commitment to India, and a shining example of the success of the Government’s ‘Make in India’ programme. Samsung is a long-term partner of India. We ‘Make in India’, ‘Make for India’ and now, we will ‘Make for the World’. 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,” Mr. HC Hong, Chief Executive Officer, Samsung India, said in a press release.
The Noida factory was set up in 1996, which was India’s first global electronics manufacturing facility. The new plant is bigger, spread over 129,000 sq. metres, and it will help Samsung in meeting the growing smartphone demand. Currently, Samsung has two factories, in Noida and Sriperumbudur, near Chennai, one design center, and 5 R&D centers.
Samsung mentioned that the new plant will manufacture everything, right from a low-end smartphone, to the premium smartphones, including the Galaxy S8, Galaxy S9, Galaxy Note 8 and more. With local manufacturing, we do expect the Samsung smartphone prices in India to come down, but when we asked about the same, the company did not say anything yet.