Prime Minister Narendra Modi on Monday will visit Noida in Uttar Pradesh, to inaugurate a new unit of Samsung plant. However, the company may not stop here and could achieve more feats as its new facility in Noida is the world's biggest which will give a considerable boost to the production capacity for Samsung.
"It is a matter of pride for India and Uttar Pradesh".
Moon arrived in New Delhi on Sunday on a four-day visit to India. More than 120 local factories now assemble mobile phones and accessories like chargers, batteries, powerbanks and earphones in India, according to tech research firm Counterpoint.
Moon also said that "limitless possibilities" are present for the two countries if India's technological capabilities and human resources are combined with Korea's capital and industrial experience. He claimed that the factory will provide 35,000 jobs directly and indirectly, and the state government will ensure that the unit got the proper infrastructure it needed. South Korea's President Moon Jae-in speacks during the inauguration of the world's largest mobile factory at the Samsung India electronics private limited in Noida on July 9, 2018.
Samsung is being viewed as perfectly positioned now to take full advantage of India's rapidly growing demand for smartphones. "India is going through digital transformation and I encourage more companies from South Korea to come and invest here", Modi noted. During 2017, the South Korean company shipped 317 million phones in total.
"I am committed to raise relations with India to the level of those with our four major powers around the Korean peninsula", Moon said, adding that this commitment was embodied in his new southern policy outlined previous year. Transactions worth Rs 410 bn have been done through BHIM app in June alone.
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Samsung has announced that it will be expanding one of its mobile phone factories in India, at the same time launching its "Make for the World" project to export Indian-made smartphones to foreign markets.
"Samsung is a world leader in technology today".
Already 40 crore Indians own smartphones, 32 crore people use broadband, the Prime Minister said in his address at the event. "Fibre network is reaching rural areas", he said. "In the past four years, the number of mobile manufacturing factories has gone up from two to 120".
"Samsung's global R&D hub is in India". Another picture tweeted by the PMO showed them at the Yamuna Bank metro station.
"They travelled using tokens with others passengers and there was no delay in the Blue Line due to this", the official said.
This is President Moon's first-ever state visit to India after he took over as the President previous year.