Samsung opens world’s largest phone factory in India
Samsung Electronics on Monday announced the opening of what it
said to be the world’s biggest mobile phone device manufacturing facility as the
South Korean technology group demands to explore production in the world’s
fastest growing major mobile phone market.
Analysts who track the sector had said; The facility, located at the outskirts of New Delhi, will also allow Samsung to manufacture phones at an affordable cost due to its scale, while other phone making hubs in Vietnam,
South Korea and China are getting expensive.
The yet to be inaugurated factory by South Korean President Moon Jae-in and Indian Prime Minister Narendra Modi, will also aid Samsung in
competing with rivals such as The China’s Xiaomi, which became India’s biggest
smartphone brand by shipments in just earlier of the year.
The big company is also making plans to export India-made handsets, the company said in a statement as the
Prime Minister Narendra Modi’s government has already imposed taxes on import
of major smartphone components as part of arrangement to make India a hub for
electronics manufacturing to help it grow faster as well create tens of millions of new jobs around the area.