Samsung unveils world’s largest factory in Noida

Source: The Hitavada      Date: 10 Jul 2018 09:15:11

 


 

NOIDA,

THE world’s largest mobile factory unveiled by South Korean tech giant Samsung 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 at the Noida factory 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.


The Prime Minister said the new mobile manufacturing unit will make India-South Korea relations stronger as Samsung’s biggest global R&D centre 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,”Modi 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 including including Vice Chairman Jay Y Lee.


President Moon Jae-in said the new facility will create a new era for India-Korea ties. “I am happy to see Korean companies participating in India’s digital transformation and I have full support for them,” the South Korean President told the gathering. 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.


S Korea for expansion of bilateral trade with India: SOUTH Korean President Moon Jae-in on Monday called for expansion of bilateral trade with India, saying it was in the interest of both the nations. Addressing the India-Korea Business Forum here, Moon hoped that Comprehensive Economic Partnership Agreement (CEPA) and Regional Comprehensive Economic Partnership (RCEP) Agreement negotiations can be “concluded as early as possible”. The President said Korea was committed to elevate relations with India to a level that matches those with four major powers around Korean peninsula.


“India and South Korea are the world’s 7th and 11th largest economies. Commerce and Industry Minister Suresh Prabhu said he has held discussion on the ‘Early Harvest’ under CEPA with his Korean counterpart Kim Hyun-Chong. Prabhu said the two nations are taking forward the discussion and have decided to take their relationship to the new level.
PM, S Korean President take Metro ride to Noida: PRIME Minister Narendra Modi and South Korean President Moon Jae-in took a ride in the Metro to Noida on Monday. Both the leaders headed there for the inauguration of a Samsung facility to manufacture mobile phones.
The Prime Minister’s office (PMO) tweeted a picture of the two leaders travelling on the Delhi Metro. Another picture tweeted by the PMO showed them at the Yamuna Bank metro station.


A DMRC spokesman said that the leaders boarded a Metro train at Mandi House station at around 4:36 pm and travelled up to Botanical Garden station on the Blue Line. They travelled with tokens in a normal train with passengers and there was no delay in services on the Blue Line due to their movement, the spokesperson added.


The two ministers on Monday signed the joint statement on the Early Harvest package in the India-Korea CEPA up-gradation, according to an official statement.
Stressing that India and Korea can lead the fourth industrial revolution, Moon said an MoU will be signed tomorrow towards the establishment of a Future Vision Technology Group to boost bilateral cooperation in science and technology.


The Korean President also highlighted India’s contribution to the world through Bollywood, Yoga, Nobel Laureates and meditation, observing that his daughter was a Yoga instructor and movies like Haathi Mere Saathi, Three Idiots and Dangal have garnered huge popularity in Korea.
PM, S Korean President take Metro ride to Noida: PRIME Minister Narendra Modi and South Korean President Moon Jae-in took a ride in the Metro to Noida on Monday.
Both the leaders headed there for the inauguration of a Samsung facility to manufacture mobile phones.


The Prime Minister’s office (PMO) tweeted a picture of the two leaders travelling on the Delhi Metro. Another picture tweeted by the PMO showed them at the Yamuna Bank metro station. A DMRC spokesman said that the leaders boarded a Metro train at Mandi House station at around 4:36 pm and travelled up to Botanical Garden station on the Blue Line. They travelled with tokens in a normal train with passengers and there was no delay in services on the Blue Line due to their movement, the spokesperson added.