Samsung opens world's largest smartphone factory in India to boost production

09 July, 2018, 16:24 | Author: Sammy Rose
  • Samsung opens world's largest smartphone factory in India to boost production

The factory will be inaugurated by Indian Prime Minister Narendra Modi and South Korean President Moon Jae-in today at 5pm local time.

Earlier on Sunday, the South Korean president, accompanied by the first lady and his wife Kim Jung-sook, kick-started his maiden India visit with a tour of Akshardham temple in Delhi.

Samsung's new facility will not only help in mobile manufacturing but also double its production capacity of consumer electronics like refrigerators and flat-panel televisions - which will further consolidate the company's leadership in these segments, according to the reports.

On July 10, he will be accorded a ceremonial reception at the Rashtrapati Bhawan.

He will hold delegation level talks with Prime Minister Modi on Tuesday.

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Vice President M Venkaiah Naidu and External Affairs Minister Sushma Swaraj will call on the visiting leader on Monday.

A number of agreements are likely to be signed during the visit.

Modi visited South Korea in May 2015 during which the bilateral partnership was elevated to a special strategic partnership.

"This is a significant departure from Korea's traditional foreign policy", the article noted, adding that, "It is partly a hedging strategy amid the US-China tug-of-war in the region, and partly a forward-looking move to address how Korea and India can together meet the demands of a dynamic future". "We expect the visit to open new avenues for the expansion of our partnership, particularly in the economic domain", Kumar had said. Since then, the relationship has expanded in several areas. Major items of India's exports to Korea are mineral fuels/oil distillates, cereals, iron and steel. In 1997, production commenced and the first television was rolled out.

According to former Indian ambassador to South Korea Vishnu Prakash, the two countries seem to have got over the discomfort in ties caused by South Korea not being able to execute a $12 billion planned investment by its steel giant Posco. Around 1,000 Indian scholars are pursuing postgraduate and Ph.

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