Samsung: the world's largest smartphone factory opens in India

Samsung has opened the world's largest smartphone factory near New Delhi. Samsung wants to produce 120 million smartphones each year in India.

Samsung has opened the world's largest smartphone factory in India. The factory will be built next to an existing Samsung factory in Noida near New Delhi. By 2020, the new plant is expected to reach a total of 140, 000 square meters. Indian Prime Minister Narendra Modi and South Korean President Moon Jae-in were anyway present at the opening ceremony, in any case during a state visit.

Samsung's production in India is expected to reach 120 million smartphones a year thanks to the new plant, reports the Bloomberg news agency. Samsung has been manufacturing mobile phones in India for years, currently it's $ 68 million a year. It will be built in the new factory not only budget smartphones, but also flagship such as the Galaxy S9. But for the Indian market, where many consumers have low incomes, cheap mobile phones are just right, writes Bloomberg

India Growth Market

This is one of the reasons why the competitor Apple's Samsung is barely making its way into the Indian market. could hold: iPhones are quite expensive. The smartphone maker with the largest market share in India is Xiaomi. The Chinese company pushed Samsung to the top spot this year.

India is the second largest smartphone market in the world, behind China and ahead of the United States. For industrialists, India is particularly interesting because of its high growth potential: out of its 1.3 billion inhabitants, only 425 million have a smartphone, writes Bloomberg. Western markets are considered saturated, in China, local manufacturers dominate sales.

(Dahe)