PM Modi set to inaugurate Samsung unit in Noida, world's largest mobile factory

Prime Minister Narendra Modi and South Korean President Moon Jae-in will jointly inaugurate the new 35-acre Samsung Electronics facility in Uttar Pradesh's Noida, world's largest mobile factory, on Monday. 

Modi and the South Korean President will land together at a quickly-prepared helipad adjacent to the factory to officially inaugurate it today. 

On Sunday, Chief Minister Yogi Adityanath reached Noida in the afternoon and took stock of the preparations. He reviewed the security arrangement of route from which the PM will be travelling to the venue. After reaching the venue at Sector-81, he held a meeting with the administration and police officials for about an hour.

Senior ministers like Satish Mahana, MLA Pankaj Singh, district magistrate BN Singh were also present in the meeting in which Yogi instructed the officials of maintain tight security.

Samsung India puts Noida on top with world's largest mobile factory: All you need to know

In front are open fields with grazing cattle, to the left are under-construction residential societies and to the right is its existing facilty - this where Samsung has set up what is the world's largest mobile factory.

Not China or South Korea -- and certainly not the US -- the tag of housing the world's largest mobile factory has straight away put Noida on top of the world manufacturing map when it comes to consumer electronics.

One of the first electronics manufacturing facilities set up in the country in the early 1990s, the plant started by manufacturing TVs in 1997. The current mobile phone manufacturing unit was added in 2005.

In June last year, the South Korean giant announced a Rs 4,915 crore investment to expand the Noida plant and, after a year, the new facility is ready to double production.

The company is currently making 67 million smartphones in India and with the new plant being functional, it is expected to manufacture nearly 120 million mobile phones.

Not just mobiles, the expansion of the current facility will double Samsung's production capacity of consumer electronics like refrigerators and flat panel televisions, further consolidating the company's leadership in these segments.

Samsung has two manufacturing plants -- in Noida and in Sriperumbudur, Tamil Nadu -- five R&D centres, and one design centre in Noida, employing over 70,000 people and expanding its network to over 1.5 lakh retail outlets.

Established in 1995, Samsung India laid the foundation stone of Noida plant next year. In 1997, production commenced and the first television was rolled out. In 2003, refrigerator production began.

By 2005, Samsung had become market leader in panel TVs and in 2007, the existing Noida facility started manufacturing mobile phones.

In 2012, Samsung became the leader in mobile phones in the country and the Noida facility rolled out the first-ever "Galaxy S3" device. Today, Samsung is the market leader across mobile segments.

The company currently has over 10 per cent of its overall production in India and aims to take it to 50 per cent over the next three years.

News Source: .indiatvnews.com

Image Source: jagran.com