Samsung’s New Noida Factory is The World’s Largest Mobile Phone Plant
Jul. 9, 2018Samsung is all set to inaugurate the world’s largest mobile phone production unit in Noida, Uttar Pradesh. The factory, which is located in the Sector 81 of Noida, holds the distinction of beingthe world’s largest mobile phone production unitin terms of the number of device rolled out on a monthly basis.
The sprawling factory, which is spread across 35 acres, is expected to produce 120 million Samsung phones every month, among other electronics, to be sold in India, SAARC, Europe, west Asia and Africa markets.
The facility will be jointly inaugurated by Prime Minister Narendra Modi and South Korean President Moon Jae-In. Samsung reportedly invested Rs. 4,915 crore last year for the factory’s expansion, where the company will not only manufacture smartphones, but also TVs, refrigerators and other home appliance.Samsung’s Noida factory (Image: IANS)
“The components will be assembled in Noida facility. There will be some labour-intensive functions, which will generate a number of jobs. Besides, the unit will also give rise to ancillary companies in the city”, a senior Samsung official was quoted as sayingby TOI.
Despite China being the world’s largest mobile phone market, the growth is slowing down, while on the other hand, the Indian market is expected to grow at a rapid pace without any saturation effect in the immediate future, which presents a huge opportunity for Samsung to capitalize on.
