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Samsung opens world’s largest mobile phone factory in Noida

Samsung on Monday opened the largest mobile phone manufacturing factory in the world in Noida. The facility, said to be built at a cost of over ₹ 4,900 crore, will almost double the South Korean company's manufacturing capacity to produce 120 million phones per year by 2020 from the 68 million it produces now, a statement from Samsung said. Inaugurated jointly by Prime Minister Narendra Modi and South Korean President Moon Jae-in, the manufacturing unit will produce all Samsung mobile phones, ranging from low-end smartphones to its flagship Galaxy S9. Samsung plans to make India an export hub, with 50% of its overall production coming from here in the next three years from the present 10%, the company said. The phase-wise expansion of the manufacturing unit will be completed by 2020. Samsung’s Noida plant was set up in 1996 where it has…

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