The Prime Minister, who was speaking at the inauguration ceremony of the manufacturing unit of South Korean tech group Samsung, congratulated the team and said that the unit, an investment of Rs 5,000 crore, will help India to become a "manufacturing hub of the world".
Not just mobiles, the expansion of the current facility will double Samsung's production capacity of consumer electronics like refrigerators and flat panel televisions, further consolidating the company's leadership in these segments. "We were contacted by the Korean Embassy officials and now all of us are planning to meet her", said Geeta Phogat's cousin Rahul Phogat said.
The Noida manufacturing plant is Samsung's second major production zone in India alongside its Sriperumbudur facility. Expansion, which will be fully complete in 2020, is expected to almost double Noida (New Okhla Industrial Development Authority), India's current phone producing capabilities from 68- to 120 million phones per year. "The country now has 120 mobile factories out of which 50 are in Noida alone", he said. "This has given employment to over 4 lakh youth".
Noting that the factory would not only generate more jobs but also make India a global export hub, Modi said, "India is now second in terms of phone manufacturing".
According to HC Hong, President and CEO, Samsung India, a bigger manufacturing plant will help them cater to the growing demand for Samsung products across the country. He claimed that the factory will provide 35,000 jobs directly and indirectly, and the state government will ensure that the unit got the proper infrastructure it needed. President Moon will also attend the India-Korea business forum.
During their visit, the two leaders listened to a few of Mahatma Gandhi's favourite bhajans sung by classical singer Vidya Shah.The South Korean President is on a three-day visit to India, having arrived in New Delhi on Sunday evening. The country's Prime Minister Narendra Modi and South Korean President Moon Jae-in will visit the site later today to officially inaugurate Samsung's biggest mobile factory. "Both the policies will come to completion when prosperity spreads across the whole of Asia". We "Make in India", "Make for India" and now, we will "Make for the World".