Korean unit in India

Prime Minister of India and President of South Korea jointly inaugurated largest manufacturing-unit in the world for mobile phones set up by South Korean company Samsung in Noida (India) on 09.07.2018 in tune with his dream concept of ‘Make in India’ programme. Setting up of such a big unit in a big 35-acre plant with capacity to produce 120 million mobile-phones annually will be of big

advantage to both the countries. It will give employment to thousands of Indians directly and indirectly, increasing revenue-earning apart from saving drain of foreign currency from India. On the other hand, South Korean company facing tough global competition from Chinese company, Xiaomi, in manufacturing mobile-phones, may regain its number-one position globally in India with second largest consumer-base in the world after China. Earlier also way back in 2015, leading aircraftmanufacturer Airbus Industry (France) had announced investing $ two-billions in India for manufacture of aircraft-parts.

— Subhash Chandra Agrawal