Samsung opens world's largest mobile factory in India: 5 things to know

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Samsung is set to open the world's largest mobile factory in India on Monday. The factory plot which is of 35-acre, is situated at Sector 81 in Noida, Uttar Pradesh. Prime Minister Narendra Modi and South Korean President Moon Jae will be officially inaugurating the Samsung Electronics factory on Monday. By opening the new factory, Samsung India aims to increase its overall production to 50 per cent in the next three years, which is currently at 10 per cent.

1. Samsung is currently making 67 million smartphones in India and with the new plant, the company is aiming to manufacture nearly 120 million mobile phones. Commenting on the new Samsung plant, Tarun Pathak, Associate Director at Counterpoint Research says that the new factory will reduce the time to market for Samsung.

"This will help Samsung bring some local features to the devices powered by R&D here. Apart from this, the company can also bring in export opportunity for Samsung to SAARC and other regions," Pathak told IANS.

2. Back in June 2017, the South Korean giant had announced a Rs 4,915 crore investment to expand the new Noida plant. It just a year after a new of the announcement, Samsung's Noida plant is all-ready to double production. By setting up the new plant Samsung is not only aiming to double its mobile phone production but other consumer electronics products as well, like refrigerators and flat panel televisions.

3. According to HC Hong, President and CEO, Samsung India, a bigger manufacturing plant will help the company cater to the growing demand for Samsung products across India.

4. Established in 1995, Samsung India laid the foundation for the Noida plant next year, 1996. In 1997, the production commenced and the first Samsung TV was rolled out to the market. It is in 2003 that the Samsung initiated the refrigerator production in the country. It is in just a couple of years, that is by 2005, Samsung had become the market leader in manufacturing TV panels.

In 2007, the existing Noida plat 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 among the top mobile brands in India. With the new Noida plant Samsung is expecting to expand its mobile business in the country. To recollect, Samsung India has registered around 27 per cent growth in mobile business revenue for the financial year 2016-17.

5. Samsung currently has two manufacturing plants in the country -- one in Noida and the second one in Sriperumbudur, Tamil Nadu. There are five R&D centres, and one design centre in Noida, where somewhere over 70,000 people work.