PM Modi inaugurates world's largest cellphone factory in Noida, Delhi
New Delhi : Prime Minister Narendra Modi along with South Korean President Moon Jae-in travelled to Noida in Metro to inaugurate the world's largest mobile factory was launched in Noida near the capital city Delhi. The event took place on Monday, July 9 where Mr. Modi pointed “Samsung has provided employment to approximately 70,000 people, the new plant will provide employment to 1000 more,"
The biggest cellphone factory will have the ability of manufacturing 120 million phones a year, ranging from low-end smartphones that cost under $100 to the company's flagship S9 model. It will build 10 million phones a month, 70 per cent of which will be earmarked for domestic usage.
“Already 40 crore Indians own smartphones, 32 crore people use broadband”,the Prime Minister said in his address at the event. The 30 per cent phones for export will help place the country in the Global market, he added.
"This step today would lend pace to Make in India, apart from empowering citizens... This is matter of pride for Uttar Pradesh and India," said PM Modi, who has been pushing foreign firms to set up plants in the country.
In 2017, the government imposed taxes on import of major smartphone components as part of a plan to make India an electronics-manufacturing hub to boost growth and create tens of millions of new jobs in the country. This new planet is likely to provide 1000 employment opportunity to the job seekers
Last year, India surpassed the US to become the world's second-largest smartphone market after China. There will be 780 million connected smartphones in 2021, compared with 359 million in 2016, as per the study conducted by Cisco Systems.