• Friday, April 26, 2024

Business

Samsung opens world’s biggest smartphone factory in India

South Korea’s president Moon Jae-in (2L), India’s prime minister Narendra Modi (2R) and chief minister of Uttar Pradesh state Yogi Adityanath (R) pose for a picture during the inauguration of the world’s largest smartphone factory — an assembling plant that is an extension of an existing Samsung India facility — in Noida on July 9, 2018. –

By: Sarwar Alam

Samsung opened the world’s largest smartphone factory in India on Monday (9), a move prime minister Narendra Modi said would help transform Asia’s third-largest economy into a global manufacturing hub. Modi and South Korean president Moon Jae-in inaugurated the giant assembling plant — an expansion of an existing Samsung facility — in the city of Noida on the outskirts of New Delhi. “The Noida plant has now become Samsung’s largest smartphone manufacturing unit,” Moon said, as the company announced that it planned to eventually manufacture 120 million smartphones a year at the factory. The decision by Samsung comes at a critical time for…

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