Samsung, the major consumer electronics firm has set up the world's largest manufacturing hub in the Noida city in Uttar Pradesh. The facility will be inaugurated by Prime Minister Modi and South Korean President Moon Jae-in on July 9.
The unit has been opened at Sector 81 with double the previous production capacity for the company. The South Korean company last year announced an expansion plan with investment to the tune of Rs. 4,915 crore.
With the new plan with enhanced capacity, the company is set to receive an output of a total of 120 million mobile devices as against the current 67 million smartphones that are manufactured by the facility.
At the same time, the facility is also expected to augment the production of other electronic goods including refrigerators and flat panel TVs. Through its new facility, the company aims to take the contribution of India in its overall production to 50% as against the current 10% over the course of next three years.
Also, the new facility will reduce the time taken for the goods in reaching the markets as well as improve employment landscape by adding 15,000 jobs through the new manufacturing unit.