Samsung opens world’s biggest smartphone factory in India

Samsung makes world's largest mobile factory in Noida

Noida now has the largest mobile factory in the world

The Prime Minister, Shri Narendra Modi, and the President of the Republic of Korea, Mr. Moon Jae-in, today jointly inaugurated a large mobile manufacturing facility of Samsung India Electronics Pvt.

"We trust that with Korean technology and Indian manufacturing, we will produce the best products of the world", Prime Minister Modi said.

Samsung has played a key role in generating employment in India with over 70,000 people. Here's a quick recap. The two leaders will also address the India-South Korea CEOs roundtable.

India, on the other hand, may hold the greatest potential for South Korea and have the least risk.

As Samsung can manufacture its full range of phones at this one facility, the company can react to the local market with the population now preferring phones costing below $250 due to levels of income.

Samsung now has over 10% of its overall production in India, which it aims to take to 50% over the next three years. A ceasefire was declared on July 27, 1953.

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Prime Minister Modi and South Korean President Moon Jae-in had also visited the Gandhi Smriti yesterday, which is a museum dedicated to Mahatma Gandhi.

Following this, Korean President Lee paid a visit to India as Chief Guest at India's Republic Day celebrations on January 26, 2010. "Currently our two countries are discussing building the Nagpur-Mumbai freeway and the Kalyan, Dombivili and Bandra smart cities".

This is his first-ever state visit to the country after he took over as the president previous year.

The factory will be inaugurated by Modi and South Korean President Moon Jae-in at 5 pm local time.

He further stated that he agreed with Prime Minister Modi to promote co-operation for people, prosperity and peace and respond to the fourth Industrial Revolution so as to create engines of future growth.

Trade and economic relations between India and South Korea gathered momentum after the implementation of CEPA in 2010.

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The move to enhance South Korea's economic and trade relations with the Asian countries comes after its diplomatic row with China over the deployment of the THAAD US missile defense system in Korea.

Also, the government will seek to promote investment between South Korea and the Asian countries, Yonhap reported. Another Culture Centre was established in Busan in December 2013.

The Korean electronics company, which was once the market leader in India, has ceded its share to Chinese firms such as Xiaomi in the smartphone segment and Reliance Jio in the feature phone segment.

Exchange of youth delegations between India and RoK has been taking place on an annual basis for several years now.

"India is a country that has no sensitive issues with us historically or geopolitically, so has little risk of its economic cooperation wavering due to external factors".

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