Hotline: 1800 102 2007
Hotline: 1800 102 2007
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 opens world’s largest mobile phone factory in Noida

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.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • ·         Johnson Pest Solutions provide comprehensiv..
    Locations looking for expansion Haryana
    Establishment year 2015
    Franchising Launch Date 2020
    Investment size Rs. 2lac - 5lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Financial
    Business Coaching using a unique, internationally recognized Guaranteed Business Growth..
    Locations looking for expansion Haryana
    Establishment year 2009
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Home Appliances
    Alkale Fresh is a brand of Panacea Life. Alkale Fresh..
    Locations looking for expansion Punjab
    Establishment year 2019
    Franchising Launch Date 2021
    Investment size
    Space required 250
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Rajpura Punjab
  • Pizzeria
    About Us: Go69 is an Indian pizza Brand, which started its..
    Locations looking for expansion Uttar Pardesh
    Establishment year 2015
    Franchising Launch Date 2016
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Lucknow Uttar Pardesh
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities