Modi travels with South Korean President in Metro

Modi travels with South Korean President in Metro

The factory was formally inaugurated on Monday by Indian Prime Minister Narendra Modi and South Korean President Moon-Jae In, underscoring Samsung's efforts to increase production in the world's fastest growing major mobile phone market.

Giving a thumbs up to his government's Make In India initiative, PM Modi said, "Make in India initiative is getting support from all across the world".

Samsung has Invested close to 5,000 Crore Rupees in this plant and aims to Manufacture 12 Crore Mobile Handsets annually which will result is massive job creation.

South Korean President Moon Jae-in on Monday said he was committed to raising South Korea's relations with India to the level of those with China, Japan, Russia and the U.S., as he sought to expand cooperation in areas such as shipbuilding, aerospace, manufacture of medical devices and food processing. South Korean President Moon Jae-in will also grace the event alongside the Prime Minister. "Mobile manufacturing in India has been [riding] on the shoulders of Chinese brands of late, but the expansion of a brand like Samsung will send a very positive message across the globe".

"India is now second in terms of phone manufacturing". South Korean investments in India amount to $4.64 billion between 2000-2017 with Kia Motors announcing a $1.1 billion investment to set up a manufacturing unit in Andhra Pradesh. Before the launch of the Noida plant Samsung was manufacturing 67 million phones in India, mostly at its other base in Tamil Nadu, Southern India.

"Samsung's global R&D hub is in India".

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In 2005, the current mobile manufacturing unit was added, production began in 2007, and in 2012, when Samsung became the country's leading mobile manufacturer, the Noida facility rolled out the first-ever Samsung Galaxy S3 phone.

In front are open fields with grazing cattle, to the left are under-construction residential societies and to the right is its existing facilty - this where Samsung has set up what is the world's largest mobile factory.

Samsung is setting up shop in India in a big way. They will also visit a Samsung plant in Noida.

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

The two leaders travelled on the Delhi Metro to reach the inauguration ceremony, which was also attended by Uttar Pradesh chief minister Yogi Adityanath and senior Samsung officials.

In a press briefing last week, Moon's top economic aide Kim Hyun-chul further commented that Moon hopes to take Korea-India relations to a new level. Out of a population of 1.3 billion, India has now only 425 million smartphone users.

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