World’s Largest Phone Factory Opens in India
On 9th July, South Korean President Moon Jae-in and Indian Prime Minister Narendra Modi joined hands to inaugurate what has been claimed to be the largest phone factory in the world. Samsung Electronics opened the factory in Noida, on the outskirts of New Delhi and has plans to expand it further in the future.
“This 50 billion-rupee investment will not only strengthen Samsung’s business ties in India, it will also play a key role in India-Korea relations,” Modi said in a speech in Hindi at the inauguration of the plant.
India is the world’s second biggest smartphone market and Samsung now has a chance to not only improve their sales but also compete with giants like China’s Xiaomi. Samsung will also be manufacturing the phones at a lower cost due to the scale as compared to the plants in China which are getting more expensive by the minute.