A brief on news, tie-ups, ap­point­ments and awards

India Business Journal - - CONTENTS -

Sam­sung opened the world’s largest mo­bile phone plant in Noida last month, plac­ing the in­dus­trial city of Ut­tar Pradesh on the global map. The plant, jointly in­au­gu­rated by Prime Min­is­ter Naren­dra Modi and South Korean Pres­i­dent Moon Jae-in, will man­u­fac­ture 12 crore mo­biles a year by 2020. The Noida plant was set up in 1996, where it has been man­u­fac­tur­ing smart­phones, re­frig­er­a­tors and flat-screen tele­vi­sions. The ex­ist­ing plant was ex­panded with an in­vest­ment of Rs 4,915 crore and is ex­pected to cre­ate 15,000 lo­cal jobs. Around 70 per cent of mo­biles man­u­fac­tured at Sam­sung’s fa­cil­ity will be sold in In­dia, while the re­main­ing 30 per cent will make their way into the ex­port mar­ket. The ex­panded Noida plant marks another ma­jor mile­stone in UP’s ex­cit­ing jour­ney of in­dus­tri­al­i­sa­tion.

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