Noida now has the largest mobile factory in the world

10 July, 2018, 08:12 | Author: Sergio Cook
  • Narendra Modi

Moon Jae-in, President of South Korea, has taken a trip to India to open the world's largest smartphone factory with Indian Prime Minister Narendra Modi. "This is matter of pride for Uttar Pradesh and India", said the Prime Minister, who has been pushing foreign firms to set up plants in the country.

Uttar Pradesh Chief Minister Adityanath said India and South Korea have a strong trade and cultural relationship and invited new ventures to invest in the state.

Speaking on the occasion, Korean President Moon Jae In said Korean companies are taking part in the fast-paced growth of India and plant like the Samsung factory will create more jobs for Indian people.

Demand for new mobile phones is surging in India, helped in part by billionaire Mukesh Ambani offering US$23 4G feature phones, free voice services and cheap data plans.

"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", Hong said.

Moon also said that "limitless possibilities" are present for the two countries if India's technological capabilities and human resources are combined with Korea's capital and industrial experience.

Neymar's antics are a shame for football, says Juan Carlos Osorio
But it was not his match-winning intervention that fans were discussing after the 2-0 win at the Samara Arena. Belgium are not champions yet, but they look most likely to be amongst the teams left in the World Cup .

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.

Located in Noida on the outskirts of New Delhi, the new facility will give Samsung the ability to output handsets at an unprecedented rate - said to be up to 120 million smartphones a year.

Why it matters: Setting up shop in one of the world's last remaining untapped markets will allow Samsung to make phones at a lower cost, boosting profit at a time when other markets have cooled.

Chinese smartphone maker Xiaomi said in April it will set up three more factories in India. Today, Samsung is the market leader across mobile segments. "They boarded the metro at Mandi House around 4.36 p.m. and travelled to Botanical Garden, leaving the station at 5.02 p.m.", said a Delhi Metro Rail Corporation (DMRC) official. Both used tokens like everyday passengers and it was ensured that the movement of the train is not delayed due to the special visit.

"I feel proud as an Indian today". India has around 40 crore smartphone users and almost 32 crore people use broadband.

Recommended:



Popular

Harry Kane's Norfolk uncle proudly watches the England captain in action
Handsworth coach Bob Goldsmith told the Daily Express : 'She was fearless and committed compared to some of the other players. To be fair to Maguire, he hasn't got better.

News Trump's Pressure On NATO Is Working, US Ambassador Claims
The NATO summit is likely to be dominated by Trump's insistence that member nations step up and pay more for their joint defence. President Donald Trump is planning to meet one-on-one with Russian leader Vladimir Putin at their summit July 16 in Helsinki.

Kylie Jenner: I am no longer using lip fillers
When she was just 17, Kylie opened up on her decision to have the procedure done after being self-conscious over her thin lips. But while the BFFs were celebrating their 8-year anniversary of friendship, a fan noticed something different about Kylie .

Mandatory fire evacuations lifted in Goleta
Three dozen large fires continue to burn in 11 states across the West on Saturday as dry air and hot temperatures have settled in. But the threat of a deluge raised the possibility of flooding at a stubborn blaze in the southwestern corner of the state.

Neymar describes World Cup exit as painful time
Players have to be fearless to change the way we play and we had two days to do it. Hazard was outstanding for Belgium's World Cup quarterfinal victory over France .

Amul Thapar Not On Donald Trump's Shortlist For US Supreme Court
Leo said that it was impossible to predict the positions of any of the leading candidates for the seat on abortion. Thapar was on the shortlist of candidates after judge Antonin Scalia died in 2016. "They're good judges.

Donald Trump may have gifted 'Rocket Man' CD to Kim Jong
Pompeo landed in Pyongyang for his third visit as Washington's top diplomat, according to Agence France-Presse. Some U.S. officials and experts have said the change in language amounted to a softening in approach.

Samsung profits slow after poor smartphone sales
This likely means that the foldable smartphone's unveiling , which has been delayed for a few years, will finally happen soon. Perhaps now might be a good time to mention that Apple is also rumored to be launching three smartphones later this year.

Pakistan ex-PM Sharif sentenced to 10 years for corruption
The longtime politician's first two terms in power ended abruptly under military pressure, the second time by outright coup. In July, last year, Sharif was ousted by the Pakistan supreme court in the Panamagate scandal.

Chris Paul contract: Guard reportedly to re-sign with Rockets
Looking forward, Paul will continue to provide tenacious on-ball defense and playmaking starting at point guard for the Rockets . For four years, " Houston " Chris Paul will earn nearly as much as his entire career in the National Basketball Association .