samsung factory: World’s largest mobile manufacturing factory to be inaugurated in India
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The South Korean tech large makes 67 million smartphones in India and with the brand new plant, it’s anticipated to fabricate almost 120 million.
Samsung is expectedly betting massive as India is presently the second greatest cell market and accounts for 10 per cent of worldwide smartphone gross sales. From 299 million smartphone customers in 2017, the projected enhance within the variety of customers in India is more likely to attain 340 million by the tip of this yr. By 2022, India’s smartphone customers are anticipated to shoot as much as a whopping 442 million.
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Mobiles accounted for Rs 34,000 crore of Samsung’s Rs 50,000 crore gross sales income in 2016-17.
Sources mentioned Samsung had pumped in Rs four,915 crore for increasing the unit, from the place it plans to not solely cater to the Indian market but additionally export telephones to Europe, West Asia and Africa. “The brand new unit has come up on a further 35 acres adjoining to the present facility. It can double the manufacturing capability of each cell phones and fridges,” an organization official mentioned.
On the Noida facility, firm officers mentioned, Samsung will assemble elements sourced from its different companies.