The company started producing refrigerators at the plant in 2003 while mobile phone production started in 2007. The expansion of Samsung's Noida facility - one of two manufacturing plants in the country - will help Samsung increase its phone production by nearly double. Later in the evening at around 5 PM, he will visit the Samsung India Electronics unit at Block B, Sector 81, Noida.
Speaking before cutting the ribbons of the new facility, PM Modi said the new unit will be a matter of pride for not just India, but Uttar Pradesh and Noida. About 30 per cent of all phones made in the new unit will be exported, the PM said, adding how this highlighted the blend of Korean technology and Indian manufacturing.
Since taking power in 2014, Modi has pushed his "Make in India" initiative, which encourages companies to set up plants in the country, as the nation attempts to bolster domestic manufacturing. In 1997, production commenced and the first television was rolled out.
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Beryl has weakened to a remnant low, but it will still bring gusty winds and heavy rain bands Lesser Antilles. The Carolinas could see their first hurricane of the season on Monday, as Tropical Storm Chris strengthens.
"For Samsung, India is among the top five smartphone markets globally".
The company is aiming to increase the overall production capacity by 50 percent, which is now at 10 percent.
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Samsung's new facility will not only help in mobile manufacturing but also double its production capacity of consumer electronics like refrigerators and flat-panel televisions - which will further consolidate the company's leadership in these segments, according to the reports. The US is saturated and Korea and Brazil are not growing significantly. "It makes sense for Samsung to build a bigger manufacturing base here", Jaipal Singh, Senior Market Analyst, IDC, told IANS.
The Phogat family says they are excited and looking forward to the meeting.
Samsung said last year it will spend 49.2 billion rupees ($716.57 million) over three years to expand capacity at its Noida plant. The mentioned plant will double the smartphone production.
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There has been an upswing in India's defence cooperation with South Korea and both sides are expected to explore ways to enhance it.