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South Koreas Moon, Modi to open worlds largest cellphone factory in Noida

09 July 2018

President and CEO of Samsung India, HC Hong, said that a bigger manufacturing plant would help the company cater to the growing demand for Samsung products across the country.

Consumer electronics major, Samsung, has put the name of Noida in Uttar Pradesh on the top of the world map by housing the biggest mobile manufacturing facility in the northern Indian city.

Samsung's Noida plant was set up in 1996 where it has been manufacturing smartphones, refrigerators and flat-screen televisions. Here's a look at everything we know about Samsung's new mobile phone factory.

By 2005, Samsung had become market leader in panel TVs and in 2007, the existing Noida facility started manufacturing mobile phones. "The investment reaffirms Samsungs commitment to Make- in-India and Make-for-India and to the state of Uttar Pradesh", Samsung India had said in a statement.

The new Samsung factory will have the capacity to assemble 120 million smartphones per year, and make everything from low-end handsets that cost under US$100 to its flagship S9 model, according to the company.

Samsung is one of the top feature phone manufacturers in India with 20.5 per cent of market share at the end of 2017, according to IDC. India is a big opportunity across price segments, including 2G feature phones.

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Due to security-related issues, several diversions have been announced by the Noida police for today starting at 4 PM till 9 PM.

Starting today, the South Korean President will hold talks with PM Modi on several issues, including the situation on the Korean peninsula and ways to boost bilateral trade and defence cooperation. The facility is spread over 35 acres in Noida's Sector 81. Samsung's Noida plant also has a Research and Development Centre, and there's is a design centre as well.

Samsung's reputation was dealt a blow by the bribery conviction of Lee Jae-yong, who was a key figure in the scandal that ousted former South Korean leader Park Geun-hye following massive nationwide protests, and was sentenced to five years in jail last year.

Moon, who arrived in New Delhi on Sunday on a four-day visit to India, is expected to meet Lee Jae-yong, the son and heir of Samsung's current chairman Lee Kun-hee, for the first time since he took power in May a year ago.

Samsung is expected to create 15,000 jobs through the new manufacturing unit.

South Koreas Moon, Modi to open worlds largest cellphone factory in Noida