Sunday, May 31, 2020 | Last Update : 10:27 AM IST

68th Day Of Lockdown

Maharashtra65168280812197 Tamil Nadu2024611313157 Delhi173877846398 Gujarat1635692321007 Rajasthan83654855184 Madhya Pradesh78914444343 Uttar Pradesh77014651213 West Bengal48131775302 Andhra Pradesh3461228960 Bihar3359120915 Karnataka292299749 Telangana2499141277 Jammu and Kashmir234190828 Punjab2197194942 Odisha17239779 Haryana172194019 Kerala120957510 Assam9361044 Uttarakhand493794 Jharkhand4621914 Chhatisgarh4471021 Chandigarh2891994 Tripura2711720 Himachal Pradesh223634 Goa70420 Manipur6060 Puducherry57230 Nagaland3600 Meghalaya27121 Arunachal Pradesh310 Mizoram110 Sikkim100

Samsung will double smartphone production in India

THE ASIAN AGE
Published : Jun 5, 2017, 7:35 pm IST
Updated : Jun 5, 2017, 7:35 pm IST

The Korean giant plans to double the size of its factory located in Noida, UP to 240,000 square meters.

(Representational image)
 (Representational image)

Samsung is gearing up to double its smartphone production in India with the help of a large investment – 40 billion rupees. The Korean giant plans to double the size of its factory located in Noida, UP to 240,000 square meters.

After completion, the factory will be capable of producing a total of 10 million smartphones every month. According to BusinessKorea, the ceremony will take place on June 7, however there is no word on when the factory will be completed.

The company signed a memorandum of understanding (MOU) for the factory expansion with the Uttar Pradesh state government in October 2016. Earlier, Samsung said that it plans on spending 19.7 billion rupees to expand the plant, but then decided to double the investment.

The company’s market share in India in the first quarter of 2017 was three percentage points lower when compared with the same period a year ago — 27 percent.

Tags: samsung, noida, production
ADVERTISEMENT
ADVERTISEMENT