Hotline: 1800 102 2007
X
Search Business Opportunities
Jul, 09 2018

Samsung opens world’s largest mobile phone factory in Noida

The company will double its current capacity for mobile phones in Noida from 68 million units a year to 120 million units a year, in a phase-wise expansion that will be completed by 2020.

Samsung India puts Noida on top with world's largest mobile factory Samsung India on Monday inaugurated its new mobile phone manufacturing facility in Noida which is the world’s largest mobile factory.

With this, the company will double its current capacity for mobile phones in Noida from 68 million units a year to 120 million units a year, in a phase-wise expansion that will be completed by 2020, the company said in a release Monday.

The company has taken the ‘Make in India’ initiative to another level by launching ‘Make for the World’ initiative as part of which it aims to export mobile handsets produced in India, to overseas markets.
Samsung opens world’s largest mobile phone factory with double capacity in Noida The facility which was jointly inaugurated by Prime Minister Narendra Modi and Moon Jae-in, President of the Republic of Korea, was announced last year in June where the company unveiled its expansion plans at an investment of Rs 4915 cr to add new capacity to the Noida plant.

“Our Noida factory, the world’s largest mobile factory, is a symbol of Samsung’s strong commitment to India. We ‘Make in India’, ‘Make for India’ and now, we will ‘Make for the World’. We are aligned with government policies and will continue to seek their support to achieve our dream of making India a global export hub for mobile phones,” said HC Hong, chief executive officer, Samsung India.

The Noida factory, which was set up in 1996, is one of the first global electronics manufacturing facilities set up in India. A bigger manufacturing plant, spread over 129000 sq. metres, will help Samsung meet the growing demand, the company said.

As Samsung is grappling against Apple and Chinese rivals such as Xiaomi, Oppo, Vivo and Lenovo, for a share of the world's second largest smartphone market and being one of the oldest manufacturers in India and making in the country may work to its advantage, say experts.

Comment
Related opportunities
  • Computer Hardware & IT
    About Us: Mindlogicx is a premium technology brand operating in a..
    Locations looking for expansion Karnataka
    Establishment year 2002
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 750
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Pollution control devices
    About:Gabriel Ecotherm Private Ltd. (GEPL) Pune , India Is the..
    Locations looking for expansion Telangana
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Hyderabad Telangana
  • Kitchen's Heaven was founded by Mr. Savan Kotecha in 2014,..
    Locations looking for expansion Gujarat
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Sports Accessories
    About Us: Kawasaki Sports is one of the world’s leading sports..
    Locations looking for expansion Tamil nadu
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater chennai Tamil nadu
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities