Samsung is opening up the world’s biggest smart device factory in India.
Jung Yeon- je/ AFP/GettyImages
Samsung is starting a business in India in a huge method.
The South Korean tech giant stated Monday that it’s opening the world’s biggest phone factory in Noida, near the borders of NewDelhi The business is wanting to use the lower production expenses there as it presses its existence in the fastest-growing smart phone market, according toReuters
Samsung anticipates to double its existing capability for smart device production in Noida from 68 million systems yearly to 120 million systems in 2020, according to the business’s release.
The center is anticipated to assist Samsung develop more low-cost phones to make gains in India, a market controlled by the similarity Xiaomi and Lenovo’s Motorola system.
South Korean President Moon Jae- in and Indian Prime Minister Narendra Modi remained in presence for the opening event of the center. (See it here.)
“Samsung is a long-term partner of India. We ‘Make in India’, ‘Make for India’ and now, we will ‘Make for the World’,” stated HC Hong, CEO of Samsung India, in the release. “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.”
First released July 9 at 6: 57 a.m. PT.
Update, 10: 45 a.m. PT: Adds remarks from Samsung and Samsung India CEO HC Hong.
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