India International Times Latest International News from India
Samsung Galaxy Note 7 for re-sale in refurbished shape and price
Samsung India will open its new manufacturing in India that would be the largest mobile manufacturing unit in the world, beginning Monday, July 9, 2018. With this, China’s lead in making mobile phones will come down.
Built in a 35-acre complex at Sector 81 in Noida, Uttar Pradesh but almost in Delhi, the new factory will be inaugurated by the visiting South Korean President Moon Jae-in on Monday.
The first Samsung’s manufacturing facility was set up way back in 1997 and upgraded in 2005 with mobiles, which will emerge the largest in the world with the addition of new complex in Noida.
In June 2017, South Korean company Samsung said it would invest Rs.4,915 crore investment to expand the Noida plant to double its production, which is likely by 2019. From the current production of 67 million smartphone units being manufactured in India, the company is expecting to produce 120 million mobile phones by the end of next year.
Samsung is already a house name in India with many home appliances like refrigerators and flat-panel televisions being made here. The NOIDA unit will be nearer to the capital and the entire northern market, giving the company lee way in terms of distribution.
In the south, Samsung has its facility in Sriperumbudur, Tamil Nadu, where some key R&D centre is currently in existence. Samsung India employs over 70,000 people. Once the new unit in NOIDA comes up, the company will be manufacturing its 50% of world production in India alone.
With over Rs 50,000 crore sales annually, Samsung India is likely to triple its sales figures in India by the end of 2020.
