{"id":1041,"date":"2018-07-14T05:35:40","date_gmt":"2018-07-14T05:35:40","guid":{"rendered":"http:\/\/blog.ipesas.in\/kb\/?p=1041"},"modified":"2018-07-14T05:36:02","modified_gmt":"2018-07-14T05:36:02","slug":"samsung-inaugurates-worlds-largest-mobile-factory-in-noida","status":"publish","type":"post","link":"http:\/\/blog.ipesas.in\/kb\/samsung-inaugurates-worlds-largest-mobile-factory-in-noida\/","title":{"rendered":"Samsung inaugurates worlds largest Mobile factory in Noida"},"content":{"rendered":"<header class=\"entry-header\">\n<h1 class=\"entry-title\">HIGHLIGHTS<\/h1>\n<\/header>\n<div class=\"entry-content\">\n<p>Facility in Noida will allow Samsung to make phones at a lower cost<br \/>\nIt was inaugurated by PM Modi and South Korean President Moon Jae-in<br \/>\nSamsung also plans to export India-made handsets<br \/>\nSamsung Electronics on Monday announced the opening of what it said is the world\u2019s biggest mobile phone manufacturing facility as the South Korean tech group seeks to expand production in the world\u2019s fastest-growing major mobile phone market.<\/p>\n<p>The facility in Noida will allow Samsung to make phones at a lower cost due to its scale when other phone making hubs such as China are getting more expensive, analysts who track the sector said.<\/p>\n<p>The factory, inaugurated jointly by Prime Minister Narendra Modi and South Korean President Moon Jae-in, will also help Samsung to compete with rivals such as China\u2019s Xiaomi, which became India\u2019s biggest smartphone brand by shipments earlier this year.<\/p>\n<p>Samsung, which has been assembling phones in India since 2007, also plans to export India-made handsets, the company said in a statement.<\/p>\n<p>Prime Minister Narendra Modi\u2019s government has imposed taxes on imports of key smartphone components as part of a plan to encourage electronics manufacturing in India which would boost growth and create millions of new jobs.<\/p>\n<p>While Modi\u2019s \u2018Make in India\u2019 campaign is still a long way from delivering on ambitious job promises, the programme has had some success with the phased manufacturing of mobile devices and components. More than 120 local factories currently assemble mobile phones and accessories like chargers, batteries, powerbanks and earphones in India, according to tech research firm Counterpoint.<\/p>\n<p>Samsung said last year it will spend Rs. 49.2 billion ($716.57 million) over three years to expand capacity at its Noida plant.<\/p>\n<p>The new facility will help Samsung double its current capacity for mobile phones in Noida to an annual 120 million units after the phased expansion plan is complete, the company\u2019s statement said.<\/p>\n<p>\u00a9 Thomson Reuters 2018<\/p>\n<p>https:\/\/gadgets.ndtv.com\/mobiles\/news\/samsung-noida-mobile-factory-pm-modi-inauguration-1880424<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>HIGHLIGHTS Facility in Noida will allow Samsung to make phones at a lower cost It was inaugurated by PM Modi and South Korean President Moon [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[19,9],"class_list":["post-1041","post","type-post","status-publish","format-standard","hentry","category-news","tag-area-development","tag-gautambudh-nagar"],"_links":{"self":[{"href":"http:\/\/blog.ipesas.in\/kb\/wp-json\/wp\/v2\/posts\/1041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/blog.ipesas.in\/kb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/blog.ipesas.in\/kb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/blog.ipesas.in\/kb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/blog.ipesas.in\/kb\/wp-json\/wp\/v2\/comments?post=1041"}],"version-history":[{"count":1,"href":"http:\/\/blog.ipesas.in\/kb\/wp-json\/wp\/v2\/posts\/1041\/revisions"}],"predecessor-version":[{"id":1042,"href":"http:\/\/blog.ipesas.in\/kb\/wp-json\/wp\/v2\/posts\/1041\/revisions\/1042"}],"wp:attachment":[{"href":"http:\/\/blog.ipesas.in\/kb\/wp-json\/wp\/v2\/media?parent=1041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.ipesas.in\/kb\/wp-json\/wp\/v2\/categories?post=1041"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.ipesas.in\/kb\/wp-json\/wp\/v2\/tags?post=1041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}