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(CNNMoney) –
Samsung is doubling the growing demand for smartphones in India by opening "the world's largest mobile factory."
Moon Jae-in, South Korean President and Narendra, Indian Prime Minister Modi officially opened Monday the Nodia manufacturing plant, about an hour from New Delhi.
Built next to Samsung's original factory in India, this plant will enable the South Korean firm doubling the number of smartphones it manufactures in this country each year, from 68 million to 120 million by 2020.
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Samsung India CEO, HC Hong, He described the factory as a "symbol of Samsung's strong commitment to India and a shining example of the success of the government's Make in India program, "referring to Modi's initiative to encourage Obals companies to invest in manufacturing operations in the country.
Until six months ago, Samsung was the first smartphones seller in India, but was overtaken by Xiaomi, the Chinese rival who has just made public in Hong Kong, in the end of 2017.
Samsung announced the expansion of its plant a year ago as part of a $ 715 million investment in India.
Xiaomi is also expanding its presence in India, where its cheaper devices have attracted new consumers. It has recently tripled its Indian manufacturing base by adding four smart phone factories in the country.
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Now there are six factories that can produce two Samsung phones expects smartphones that It manufactures in India being sold locally and in other markets around the world.
"We are confident that with Korean technology and Indian manufacturing, we will produce the best products in the world. said Prime Minister Modi.
"This (factory) is a big step in the direction of making India a global manufacturing center."
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India has more than 300 million smartphone users, making it the second-largest world market for the devices behind China.
About two-thirds of the 1.3 billion people living in the country still do not have access to the Internet.
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