Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Samsung opens' world's largest phone factory' in India

Video Credit: Reuters Studio - Duration: 01:39s - Published < > Embed
Samsung opens' world's largest phone factory' in India

Samsung opens' world's largest phone factory' in India

Samsung has opened what it calls the world's biggest phone factory in India- doubling down on the country's demand for smartphones.

Pascale Davies reports.

0
shares
ShareTweetSavePostSend
 

Samsung opens' world's largest phone factory' in India

India is the world's second biggest smartphone market - good reason says Samsung to set up what it calls the world's biggest phone factory in New Delhi.

The plant was opened at a ceremony attended by the President of South Korea Moon Jae-in and his Indian counterpart Narendra Modi .

(SOUNDBITE) (Hindi) INDIAN PRIME MINISTER, NARENDRA MODI, SAYING: "This event today, is key in making India, the hub of manufacturing.

This investment of 50 billion rupees ($726.11 million) will not only strengthen business relations of Samsung in India but also improve India-Korea relations." Samsung is investing more than $700 million dollars over three years to expand the factory's capacity.

It will allow the South Korean firm to nearly double the number of smartphones it makes in India every year from 68 million to 120 million by 2020.

Allowing Samsung to better compete with its rivals.

China's fourth largest phonemaker, Xiaomi became India's biggest smartphone brand by shipment earlier this year.

But on Monday (09 July), doubts were cast over China's tech boom- as the phonemaker went public.

Xiaomi was valued at only 48 million dollars, well short of the 100 million it was expecting.

Samsung's is relishing a big opportunity in India to not only compete with its Chinese rival, but also overcome its sluggish earnings growth.

India is home to more than a billion wireless subscribers.




You Might Like


Tweets about this


Recent related videos from verified sources

India elections: Does identity politics hinder development? [Video]India elections: Does identity politics hinder development?

Caste, class, gender, religion and nationality are all powerful labels, but how important are they to a country's development and economy? In less than a month, India, the world’s largest democracy,..

Credit: BBC World News - Affiliate     Duration: 01:38Published

How India's smartphone revolution is creating a new generation of readers and writers | Chiki Sarkar [Video]How India's smartphone revolution is creating a new generation of readers and writers | Chiki Sarkar

India has the second largest population of any country in the world -- yet it has only 50 decent bookstores, says publisher Chiki Sarkar. So she asked herself: How do we get more people reading books?..

Credit: TED     Duration: 10:06Published

Samsung Galaxy S10+ Overview [Video]Samsung Galaxy S10+ Overview

We take a look at the Samsung Galaxy S10+ in this overview. This phone boasts the largest screen size out of the 3 newest offerings from Samsung. RRP in Singapore: 128GB - $1,398 512GB - $1,798 1TB -..

Credit: YTV SG     Duration: 01:20Published

Samsung's $2,000 foldable phone [Video]Samsung's $2,000 foldable phone

Samsung will release a folding smart phone in April that works with the next-generation 5G networks and will cost almost $2,000. Roselle Chen reports.

Credit: Reuters Studio     Duration: 01:01Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.