18 July 2018
Samsung has opened the world's largest mobile factory in Noida, in India on July 9, 2018. The factory will be inaugurated by Prime Minister Narendra Modi and visiting South Korean President Moon Jae-in. The factory is constructed on a 35-acre land in Sector 81 in Noida, Uttar Pradesh.
This is the South Korean giant’s second factory in India. Samsung had set up its first plant in Noida back in 1995 where it initially produced television sets, then refrigerators and later mobile phones.
India is the world’s biggest and fastest-growing smartphone markets. The South Korean giant dominates the market; however, it has been facing tough competition from Chinese smartphone makers like Xiaomi. Samsung has a 40% market share in the Indian smartphone market. All the phones that are sold in India by Samsung are manufactured at the Noida manufacturing plant.
Last year, reports had surfaced that Samsung was planning to invest $620 million in India in a bid to double smartphone production and grab a bigger market share. It had announced plans to expand the existing facility in Noida to double smartphone production from 67 million units to almost 120 million units per month. The company is also increasing its refrigerators production from 100,000 units to 200,000 units per month.
According to reports, Samsung may also export some of the smartphones manufactured at the Noida plant to other markets in Asia, Europe, and Africa, even though the bulk of the phones will be meant for the Indian market.