Samsung Govt Calls India ‘One of many Largest’ World Markets

Samsung Govt Calls India ‘One of many Largest’ World Markets

Samsung Electronics introduced the go to of an organization official to its Noida manufacturing unit on Tuesday, praising its India-based analysis and improvement (R&D) groups. Notably, this facility, positioned in Noida, Uttar Pradesh, manufactures client digital units together with smartphones, tablets, and fridges. As per the corporate, that is the official’s second journey to India in 2024, signalling the nation’s rising significance for the South Korean know-how conglomerate.

Samsung Official Visits Noida Manufacturing unit

In a newsroom submit, Samsung Electronics revealed that JH Han, Vice Chairman, CEO and Head of the System eXperience (DX) Division visited the Samsung Noida manufacturing unit which is dubbed because the “world’s largest cellular manufacturing unit” by the corporate.

Following the go to, the official remarked, “India is without doubt one of the greatest and fastest-growing markets globally and affords an enormous alternative for Samsung. We had been among the many first corporations to put money into India, and I’m comfortable that the Noida manufacturing unit has emerged as certainly one of our greatest services, manufacturing not just for India, however for the world.”

Samsung’s Noida plant was first arrange in 1996 – changing into one of many first world manufacturing services to be established within the nation. It began smartphone manufacturing in 2017. The manufacturing unit’s capability was expanded to a manufacturing restrict of 120 million smartphones per 12 months in 2018, following an funding of Rs. 4,916 crore by the South Korean firm. It’s unfold over 129,000 sq. metres. In January, TM Roh, President and Head of the Cell Expertise Enterprise at Samsung Electronics introduced that this facility will begin manufacturing laptop computer fashions to be offered within the Indian markets later this 12 months.

Other than its Noida manufacturing unit, Samsung additionally has one other plant positioned in Tamil Nadu’s Sriperumbudur. Throughout his go to, the Samsung Vice Chairman additionally praised the R&D carried out by its India-based groups. “I’m proud that many younger, enterprising engineers who’re taking part in an necessary function within the improvement of AI are working at our R&D facilities in India”, the official mentioned.

Samsung says it’s devoted to the “Make in India” initiative. It has a complete of three R&D centres in India, with two of them being positioned in Noida and one in Bengaluru.