Modi, South Korean president inaugurate world’s largest mobile factory in Noida
Prime minister Narendra Modi, along with the president of the Republic of Korea, Moon Jae-in, has inaugurated the world’s largest mobile manufacturing facility of Samsung India Electronics Pvt. Ltd, in Noida.
The unit will have a capacity of fabricating 120 million phones a year – ranging from low-end smartphones that cost under $100 to the company’s flagship S9 model. It will build 10 million phones a month, 70 percent of which will be earmarked for domestic usage.
Already 40 crore Indians own smartphones, 32 crore people use broadband, the prime minister said in his address at the event. The 30 percent phones for export will help place the country in the global market, he added.