Over the past few years, many smartphone OEMs are entering into the Indian market as it’s one of the most competitive markets over the Globe. From 2014, many smartphone OEMs like Xiaomi and OnePlus are starting to assemble their smartphones in India, because of ‘Make in India’ initiative. Samsung is also making their smartphones in the country for many years. Now today, Samsung expanded their manufacturing infrastructure in India.
Honorable Prime Minister of India Mr. Narendra Modi and Honourable President of South Korea Mr. Moon Jae-in, together inaugurated a new Samsung Manufacturing Plant at Sector 18 in Noida, Uttar Pradesh. It is said to be World’s largest mobile manufacturing plant with the land area of 35 acres (1.41 Lakh sq.m.). Currently, Samsung is manufacturing approximately 60 million smartphones per year in India at plants located in Tamil Nadu. Now with this new plant, their target is to manufacture around 120 million smartphones per year.
Not only the manufacturing of smartphones will get doubled, but the manufacturing of Samsung refrigerators will also get doubled. Do note that as of now this Noida based plant is used for manufacturing refrigerators and TVs. The extended area of 35 acres will only be used for smartphones, so that the current plants can only be used for refrigerators and TVs. Samsung has invested a whopping amount of $700 million or ₹4,915 crore.
So that’s all the information we have as of now. Personally speaking, Samsung has invested a lot in making this plant, that’s because if they will not make better smartphones as compared to Xiaomi’s and Honor’s, their sales will not rise. What are your views on my thoughts? Do let me know in the comments below. Also stay tuned with us for more information.