BUSINESS

Samsung puts Noida on top with world’s largest mobile factory

Noida, July 8: The tag of housing the world’s largest mobile factory has straight away put Noida on top of the world manufacturing map when it comes to consumer electronics.

The new 35-acre Samsung Electronics facility at Sector 81 in Noida, Uttar Pradesh, will see Prime Minister Narendra Modi and South Korean President Moon Jae-in landing together at a quickly-prepared helipad adjacent to the factory to officially inaugurate it on Monday.

One of the first electronics manufacturing facilities set up in the country in the early 1990s, the plant started by manufacturing televisions in 1997. The current mobile phone manufacturing unit was added in 2005.

In June last year, the South Korean giant announced a Rs 4,915 crore investment to expand the Noida plant and, after a year, the new facility is ready to double production.

The company is currently making 67 million smartphones in India and with the new plant being functional, it is expected to manufacture nearly 120 million mobile phones.

Not just mobiles, the expansion of the current facility will double Samsung’s production capacity of consumer electronics.

Samsung has two manufacturing plants in Noida and in Sriperumbudur, Tamil Nadu, five Research and Development centres, and one design centre in Noida, employing over 70,000 people and expanding its network to over 1.5 lakh retail outlets. (IANS)