The crown 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.
The new 35-acre Samsung Electronics facility at Sector 81 in Noida, Uttar Pradesh, will see Prime Minister Narendra Modi and South Korean President Moon Jae-in landing together at a quickly-prepared helipad adjacent to the factory to officially inaugurate it today.
In a recent report by IANS it has been stated that 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.
According to Tarun Pathak, Associate Director at Counterpoint Research, the new facility gives Samsung an advantage by reducing the time to market. He further told IANS that 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.
On the other hand HC Hong, President and CEO, Samsung India believes that a bigger manufacturing plant will help them cater to the growing demand for Samsung products across the country.
