NEW DELHI: Indian Prime Minister Narendra Modi and South Korea President Moon Jae-in inaugurated a Samsung Electronics mobile phone manufacturing facility, billed as the world’s largest, in Noida on Monday.
The 35-acre factory would not only generate more jobs but also make India a global export hub, Modi said.
“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.
Modi said his government’s ‘Make in India’ initiative has propelled India to become the world’s second-largest manufacturer of mobile phones as the number of factories soared to 120 from just 2 four years ago.
The new plant, built at a cost of Rs 5,000 crore, will help Samsung raise its capacity in a phased manner, from 68 million units at present, to 120 million.