Samsung Opens World’s Largest Mobile Phone Factory in India
The World's biggest Information Technology company, Samsung Electronics opens the largest mobile manufacturing company in the world in India. This will be the world's largest mobile phone manufacturing plant by production capacity. The company inaugurates the plant to compete with its rivals in the country as well as aboard.
The new plant – located in the industrial city of Noida – will help Samsung gradually double its current annual production capacity in India from 67 million phones to 120 million in the next three years. The factory is also expected to provide at least 1,000 more local jobs.
India's Prime Minister Narendra Modi and South Korea's President Moon Jae-in jointly inaugurated the plant. Samsung has invested more than $700 million for the establishment of the plant. Samsung says it’ll use the plant to make entry-level phones that sell for less than $100, as well as flagship devices like the Galaxy S9.
Since Xiamoi become India's largest smartphone seller last year, the company invests a huge amount of money helping it directly compete with the Chinese brand Xiaomi on Indian turf. This move will likely help Samsung make a comeback in the Indian market after Xiaomi. As of May, the International Data Corporation reported that Xiaomi leads the market share for smartphones in India at 30 percent followed by Samsung at 25 percent.