Samsung opened world's largest phone factory in Noida

Tinuku - Samsung Electronics Co., Ltd. has officially opened the world's largest mobile manufacturing plant as part of a plan to expand production in the world's fastest growing mobile market. The factory in Noida, on the outskirts of New Delhi, allows Samsung to make mobile phones at a lower cost because of the scale at which other phone hubs such as China are increasingly expensive.

The factory was inaugurated Monday by Indian Prime Minister Narendra Modi and South Korean President Moon Jae-in will help Samsung to compete more effectively with competitors such as Xiaomi of China which has become the biggest smartphone brand in India. The new plant will help Samsung to double its capacity for mobile phone production in Noida to 120 million units annually.

Tinuku Samsung opened world's largest phone factory in Noida

"This 50 billion rupee investment will not only strengthen Samsung's business relationship in India, but it will also play a key role in the India-Korea relationship," Modi said.

India is the world's second largest smartphone market and home to more than one billion wireless subscribers that will provide big opportunities for Samsung where sluggish smartphone revenue growth has sparked fears that mobile businesses are running out of ideas to support the sale of premium Galaxy devices.

Modi Government has imposed a tax on imports of major smartphone components as part of a plan to boost electronics manufacturing in India that will boost growth and create millions of new jobs. More than 120 local factories currently assemble mobile phones and accessories such as chargers, batteries, powerbank and earphones in India.