Modi and Moon flag of the biggest phone factory

Continuing India's "East Act", India and South Korea pledge to strengthen trade and investment and pursue "special strategic partnership" With South Korean President Moon Jae-in's visit to India. The two executives inaugurated a 35-acre expanded Samsung Electronics plant at Noida Sector 81, which is considered the world's largest mobile phone production unit in terms of a number of devices deployed every month [19659002]. The Korean giant has announced a Rs 4915 crore investment to expand the Noida plant and, after a year, the new plant is poised to double production.

The company currently manufactures 67 million smartphones in India. should produce nearly 120 million mobile phones.

Samsung has two manufacturing plants – in Noida and Sriperumbudur, Tamil Nadu – five R & D centers and a design center in Noida, employing more than 70,000 people. In addition to mobile phones, the current plant expansion will help double the production capacity of Samsung's consumer electronics, such as refrigerators and flat-panel TVs, thereby consolidating the leadership of the company in these segments.

Although it 's a huge investment business coming from South Korea, it will also create a lot of jobs for young people in this country; Prime Minister Modi said: "In the past four years, the number of factories has increased from 2 to 120, of which more than He traveled to Noida with President Moon in the subway, showing the number of factories. India's growing infrastructure and the possibility of further cooperation on this front

.Commitments will take place between India and South Korea with a solemn reception at Rashtarapati Bhavan followed by Bilateral talks and signing of agreements and a round table with the CEOs.

FOREIGN POLICY

This tour presents the India and the Republic of Korea (DRC) to converge their vision of foreign policy on their respective regions.Signing exclusively to India Today before the visit, the Deputy Foreign Minister of Korea South, Ena Park, said that India and South Korea disc from a series of issues that would also include military cooperation

They will link Modi's "Act East Policy" with President Moon's "new Southern policy" to create momentum. in bilateral relations, "said Park

. Several agreements and memoranda agree this visit. India and RoK will sign a memorandum of understanding for the construction of Queen Hu Memorial Park in Ayodhya, a historic link that brings dozens of South Koreans to Ayodhya each year.

According to legend, Queen Hur Hwang-ok, also known as Princess Suriratna, princess of Ayodhya, traveled to South Korea in 48 AD and married King Kim Suro of Karak Clan [19659002] The other MoU and agreements include one on "trade remedies" (to resolve trade disputes by forming a cooperation committee); cultural exchange program (2018-2022); document on ICT and communications; cooperation between SMEs (small and medium-sized enterprises) to share best practices to improve competitiveness in global markets; There will also be an agreement on the road and the transport highway where India will seek the technical expertise and know-how of the RoK.

Focus on strengthening ties to create space for Korean investments. 19659002] ALSO READ: The world's largest mobile factory to be inaugurated in Noida today

WATCH NOW: PM Modi, Moon Jae-in metro, unveils a mega factory mobile in Noida [19659002]