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Samsung opened in Noida, an urban conglomerate near Delhi, the largest smartphone factory in the world with the presence of Indian Prime Minister, Narendra Modi, and the President of Republic from Korea, Moon Jae-in.
"The two leaders jointly inaugurated a large mobile phone manufacturing plant of Samsung India Electronics Pvt. Ltd., in Noida". A government spokesman.
Reports indicate that the new plant occupies an area of more than 14 hectares and will focus on low-end appliances. the range of 100 dollars. The factory will have the capacity to bademble 120 million phones a year of which 70% will be sold in the domestic market.
Moon Jae-in with Prime Minister of India, Narendra Modi, at the inauguration of the factory in India. / Photo AFP / SILVER SHARMA /
Modi described the occasion as "special on the road for to turn India into a world manufacturing center ."
Investment of about $ 729 million will not only strengthen Samsung's business relationship with India, but will also be important in the context of relations between the company. India and the Republic of Korea, added the Indian Prime Minister.
Samsung slows down
Samsung Electronics recorded an increase of in operating revenues of 5.2% in the second quarter of 2018 compared to the same period last year last, according to what his reports say
This growth, however, ended a quarterly record trend . Compared to the previous quarter, operating profit was down 5.4%, the first quarterly decline in the last seven consecutive quarters.
"It's a bit disappointing ," he told AFP Ko Gyeong. -beom, Yuanta Securities Korea. "The smartphone market no longer grows but the competition intensifies ," said badyst Lee Won-sik of Shinyoung Securities. launch of the Galaxy X, the mobile phone with flexible screen "src =" https://images.clarin.com/collections/static/lazy_square.svg "data-big =" https://images.clarin.com/2018/ 02/25 / SJjavm4df_290x290__1.jpg "data-small =" https://images.clarin.com/2018/02/25/SJjavm4df_110x110__1.jpg” observer=”” data-observer-function=”loadLazyImg”/>
