Samsung Opens World’s Largest Smartphone Manufacturing Factory In India
About six years ago, Samsung was the top smartphone vendor in India. However, this position has since been taken by many other companies. To tackle this, Samsung has expanded its mobile manufacturing factory to India. The President of Korea, Moon Jae-in along with our Prime Minister, Mr. Narendar Modi inaugurated the world’s largest mobile manufacturing factory in India owned by Samsung Electronics and located in Noida.
The manufacturing facility is spread across 35 acres of land in Sector 81 at Noida. The number of employees at this facility will increase to approximately 70,000 people most of whom will be Indians. It is also speculated that the factory is the largest factory in terms of the total number of phones manufactured in a month’s time. With the new facility, Samsung is expected to produce close to 120 million smartphones annually which is double the amount of its current production.
As of 2018, Samsung has two manufacturing facilities in India, the one is in Noida and the other is in the Sriperumbudur region of Tamil Nadu. Apart from these, the company also has five R&D centers and a design center in Noida.
Samsung had invested over Rs 4,915 crore for the expansion of the Noida plant. The plant is not going to exclusively produce phones but will also be used for producing refrigerators, TVs, and other electrical appliances which the South Korean company is known for. This plant was originally known for producing TVs during the early 1990s.
India is the second largest market for smartphones and makes for almost 10 percent of the global smartphone sales. The number of smartphone users in India as of 2017 was 299.24 million and this number is expected to increase two folds in the year 2022 to approximately 442 million. These statistics make Samsung’s factory expansion more significant if the company wants to regain their foothold in the Indian market.