Noida
Prime Minister Narendra Modi and visiting South Korean President Moon Jae-in today inaugurated one of the world’s largest mobile phone manufacturing facilities at Sector 81 in Noida, Uttar Pradesh. The 35-acre first-of-its-kind facility is expected to double Samsung’s manufacturing capacity in the country.
Currently, Samsung manufactures over 60 million smartphones annually in India and with the new plant, it is expected to manufacture nearly 120 million mobile phones.
Last year in June, the consumer electronics major had announced that it would invest Rs 4,915 crore to double its manufacturing capacity for smartphones and refrigerators at its Noida plant. In a statement issued then, Samsung said: “The expansion of the plant on an additional 35 acres of land adjacent to the current facility will double the production capacity of both mobile phones and refrigerators.”
Announcing the investment last year, the South Korean giant said that it would position the Noida plant as a major production hub and create about 5,000 new jobs. “The investment reaffirms Samsungs commitment to Make- in-India and Make-for-India and to the state of Uttar Pradesh,” Samsung India had stated in a statement. Samsung has two manufacturing plants and five research and development centres in India. The company has one design centre in Noida with workforce of over 70,000 people.
Speaking on the new investment, a Samsung official had said that the latest investment in Noida plant would double the production capacity of smartphones. “The capacity for refrigerators would double to 3 million units per annum against 1.5 million at present, and for TV panels to 2.6 million units from 1.3 million,” the official had said.
