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Samsung Electronics Co. of South Korea inaugurates Monday in India the largest mobile phone plant in the world, a major victory for the program launched by Indian Prime Minister Narendra Modi to attract investors, reports Bloomberg.
Located in Noida, Uttar Pradesh, north of India, the new plant covers an area of 141,000 square meters and will have the capacity to produce 120 million smartphones a year from low-end models that cost less from $ 100 and up to S9, the most expensive model currently produced by Samsung
"The opportunity is important. Such a production center will help Samsung meet the huge demand of 1.3 billion people and 425 million smartphone users, "said Faisal Kawoosa, an analyst at CMR Pvt.
But Other smartphone makers like Xiaomi Corp. and Oppo Mobiles, build factories in India, the most powerful smartphone market in the world.
According to International Data Corp., the smartphone market in India has grown by 14 % in 2017 when it was 124 million units were delivered.Indian consumers prefer low-end smartphones at a price below $ 250, given the average low income of the population. is one of the reasons why the American group of Apple has struggled to impose on the Indian market, since most iPhone models have a price of more than 500 dollars
overtook the United States to become the second-largest rand smartphone market in the world after China. A Cisco Systems study estimates that in India, by 2021, there will be 780 million connected smartphones compared with 359 million in 2016.
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