Samsung to make India a global export hub: Modi

Tuesday, 10 July 2018, 04:13 Hrs
45
cmt right
35
Comment Right
64
cmt right
14
cmt right
Printer Print Email Email


South Korean tech giant Samsung's largest global mobile factory in Noida will not only generate more jobs but also make India a global export hub, Prime Minister Narendra Modi said on Monday.

Inaugurating the new facility spread over 129,000 sq metres at Sector 81 here, Modi said Samsung will export 30 per cent of the handsets made in Noida to other markets.

"India is currently second in terms of phone manufacturing. Out of 120 mobile factories, 50 are in Noida only. Altogether, over 400,000 people are working in those units and Samsung is spearheading this with a workforce of 70,000 people. 

"The new facility with give direct jobs to 1,000 people, taking the existing workforce at this plant to 6,000. The best part is that the company will export 30 per cent of the handsets made here to other markets," Modi told the gathering here.

He said the new mobile manufacturing unit will make India-South Korea relations stronger as Samsung's biggest global R&D was already here.

"Almost every middle-class Indian family is using at least one Korean product. Samsung has a distinct space in India. India is going through digital transformation and I encourage more companies from South Korea to come and invest here," the Prime Minister noted.

Launched in the presence of Modi and South Korean President Moon Jae-in who took the Metro to reach the facility, the plant will help Samsung India double its annual mobile production capacity to 120 million units by 2020.

All Samsung mobile phones, including the flagship Galaxy S9, S9+ and Galaxy Note 8, are being manufactured at the Noida plant.

"We are aligned with government policies and will continue to seek their support to achieve our dream of making India a global export hub for mobile phones," said HC Hong, Chief Executive Officer, Samsung India.

The inauguration ceremony was also attended by Uttar Pradesh Chief Minister Yogi Adityanath and senior Samsung officials.

Adityanath also invited more South Korean firms to come and invest in the state.

"I fell proud as an Indian today. This is a great milestone in the history of Samsung India which will take our country's manufacturing abilities to newer heights," Asim Warsi, Global Vice President, Samsung India, told IANS on the sidelines of the event.



Read more news:

Job postings for robotics grew by nearly 200% in India in 3 years: Study



Source: IANS
SPOTLIGHT
Finance
The Reserve Bank of India injected a total liquidity of Rs 2.98 lakh crore in the market in 20..
Startup City
Youth are leading India's start-up ecosystem where the median age of founder-entrepreneurs..
Technology
Facebook-owned messaging app WhatsApp is still developing its previously announced "Vacatio..
Enterprise IT
Taking on streaming giants like Netflix and Hulu, Walt Disney Co. has announced it will laun..
Entertainment
"Game of Thrones" author George R.R. Martin doesn't want season eight to be the final chapter of "..
Career
Wiley, a global leader in research and education has announced a series of blended learning progr..
Business
The Pentagon has selected Microsoft and Amazon Web Services (AWS, the cloud computing arm ..
Gadgets
Google Pixel and OnePlus smartphones are catching up and giving stiff competition to Samsu..
US Indian
Facebook-owned photo messaging app Instagram has launched the beta version of its in-app sh..