SAMSUNG BETS ON INDIA

A highlight of South Korean president Moon Jae-in’s India visit was the opening of a Samsung factory in Greater Noida, UP, the largest phone-manufacturing unit in the world. Chief Minister Yogi Adityanath said the factory had created tens of thousands of jobs (directly or indirectly). Last week, Samsung shares fell by 2 per cent after Q2 earnings showed the slowest pace in over a year due to disappointing smartphone sales. India, with its growing middle class, is clearly vital to the company’s future.

120 million

Phones a year will be manufactured at Samsung’s new 35-acre Greater Noida facility by 2020, up from the current capacity of 68 million, making it the world’s largest phone factory

400,000

Jobs created by mobile manufacturing companies in 4 years, says PM Modi; 120 mobile factories in India, 50 in Noida alone

26%

Market share of Samsung smartphones in India in Q1 2018; Korean giant trails behind China’s Xiaomi (31.1%), says Counterpoint Research

`4,915 crore

To be spent by Samsung on its expansion plans in Greater Noida. The new factory will be a manufacturing hub with 30% of the phones to be exported to West Asia and Africa

1,000

Jobs created by the new Samsung factory; CM Adityanath said the factory would create 35,000 jobs directly and indirectly

30 million

Smartphones shipped in India in the first quarter of 2018, year on year growth of 11%

310 million

Samsung smartphones shipped worldwide in 2017; Production could dip to 300 million in 2018; Samsung (21.9%) leads Apple (15.2%) in global market share