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Modi, Moon inaugurate Samsung mobile manufacturing facility in Noida

Monday July 9, 2018 10:52 PM, News Network

Samsung India[Prime Minister Narendra Modi and President of the Republic of Korea Moon Jae-in taking a tour of World’s Largest Mobile Factory, in Noida, Uttar Pradesh on July 09, 2018.]

Noida (Uttar Pradesh): Prime Minister Narendra Modi and President of the Republic of Korea Moon Jae-in on Monday jointly inaugurated mobile manufacturing facility of Samsung India Electronics Pvt. Ltd, billed as world's largest phone manufacturing unit, at Noida.

The newly inuagurated plant will produce up to 120 million smartphones every year. That is one crore phones every month out of the 35-acre facility. The new plant will provide 1,000 more jobs directly.

Prime Minister Modi speaking at the inaugural ceremony said that the new unit will be a matter of pride for not just India, but Uttar Pradesh and Noida. He said this was an important milestone in the path to make India a manufacturing hub.

“Samsung’s global R&D hub is in India. Now, this manufacturing unit is also coming here,” Modi said, adding that there is hardly a middle-class family in India without a Korean product.

Modi said the investment of about Rs. 5000 crore, would not only strengthen Samsung’s business links with India, but is also significant in the context of the relationship between India and Korea. He noted that digital technology is playing a key role in making the lives of the common man simpler, including through faster and more transparent service delivery.

Modi spoke of the expansion of smartphones, broadband and data connectivity, which he described as signs of a digital revolution in India. In this context, he also spoke of the Government e-Marketplace (GeM), growth of digital transactions, BHIM App, and RuPay cards.

He said the ‘Make in India’ initiative is not just an economic policy measure, but also a resolve of better ties with friendly nations such as South Korea. He said that there is an open invitation for businesses across the world, who want to take advantage of the transparent business culture of New India. He said India’s growing economy, and rising neo middle class, create immense investment possibilities.

The Prime Minister noted that India now ranks second, globally, in the manufacture of mobile phones, with the number of mobile phone manufacturing factories rising from 2, to 120, in about four years’ time. He said this has created lakhs of employment opportunities.

The Prime Minister asserted that through this new mobile manufacturing facility, the combination of Korean technology, and Indian manufacturing and software support would provide excellent products for the world. He described this as the strength, and the shared vision of both the countries.

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