PM Modi to inaugurate world's largest mobile factory in Noida today

Delia Walker
July 10, 2018

Not China or South Korea - and certainly not the USA - the tag of housing the world's largest mobile factory has straight away put Noida on top of the world manufacturing map when it comes to consumer electronics.

The facility was jointly inaugurated by Prime Minister Modi and the visiting South Korean President Moon Jae-in, underlining the significance attached to the project.

The Noida factory, which was set up in 1996, is one of the first global electronics manufacturing facilities set up in India.

The company now makes around 67 million smartphones in India and with the new unit being functional the production is expected to increase to almost 120 million mobile phones. Xiaomi is now India's largest smartphone brand in terms of shipments, and the new facility will give Samsung the chance to better compete with its Chinese rival.

The 35 acre-mobile factory located on the outskirts of New Delhi is said to be the world's largest.

The more than 500 Korean companies operating in India were mostly concentrating in the automobiles, electronics and textiles "but going forward, we will expand cooperation to various areas, including shipbuilding, medical devices and food processing", Moon said. "Altogether, over 400,000 people are working in those units and Samsung is spearheading this with a workforce of 70,000 people". Thereafter, they will also visit a Samsung plant in Noida, Uttar Pradesh. India now has 120 mobile manufacturing factories that have provided employment to over 4 lakh people in just four years, Modi added.

Samsung is setting up shop in India in a big way.

Stating that Korean products can be found in nearly all middle-class homes, he said Samsung is a world leader in the smartphone market.

"This will help Samsung bring some local features to the devices powered by R&D here". India is the world's second-largest smartphone market, sitting below China and above the United States. India is a big opportunity across price segments, including 2G feature phones.

In the smartphone segment, Xiaomi maintained its lead in the first quarter with a record 31% market share followed by Samsung (26%), vivo (6%), OPPO (6%), and Honor (3%). India's government, naturally, is excitedly embracing the announcement as art of its "Make in India" initiative. "This will [also] help the ecosystem and auxiliary industries grow as they will have demand to be met", he added.

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