Samsung to open world’s largest mobile phone manufacturing centre in India today

Narendra Modi

This is Moon's first-ever state visit to India after he took over as the President previous year.

"Whenever I talk to business community representatives I always mention one thing - that I don't think there is a middle class home in India where a Korean product is not found", he added.

At the launch PM Modi said, "India has 40 crore smartphones and around 32 crore people use broadband".

PM Modi and President Moon Jae-In also signed the Samsung Galaxy S9 handset while inspecting the production line.

Samsung Electronics on Monday announced the opening of what it said is the world's biggest mobile phone manufacturing facility as the South Korean tech group seeks to expand production in the world's fastest growing major mobile phone market.

Samsung has two manufacturing plants in India, located in Noida and in Sriperumbudur, Tamil Nadu. The current mobile phone manufacturing unit was added in 2005.

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The Prime Minister, who was speaking at the inauguration ceremony of the manufacturing unit of South Korean tech group Samsung, congratulated the team and said that the unit, an investment of Rs 5,000 crore, will help India to become a "manufacturing hub of the world". "I hope smartphones produced by this plant are exported to more countries, strengthening cooperation between other countries", Moon said.

India's smartphone market grew 14 per cent with total shipments of 124 million units previous year, the fastest pace of growth among the world's top 20 markets, according to technology research firm IDC. It will be officially inaugrated today by India's Prime Minister Narendra Modi and South Korean President Moon.

The new factory is part of a $700 million expansion plan.

#11:05 AM: EAM Sushma Swaraj meets South Korean President Moon Jae-in: "Shared commitment to values of democracy, open society & liberal global order!" Both the leaders also visited Gandhi Smriti to pay tribute to Mahatma Gandhi.

Earlier on Sunday, the South Korean president, accompanied by the first lady and his wife Kim Jung-sook, kick-started his maiden India visit with a tour of Akshardham temple in Delhi. Minister of State for External Affairs V K Singh received the visiting dignitary at the airport.

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