Samsung Executive Calls India ‘One of the Biggest’ Global Markets

Samsung Executive Calls India ‘One of the Biggest’ Global Markets



Samsung Electronics introduced the go to of an organization official to its Noida manufacturing unit on Tuesday, praising its India-based analysis and improvement (R&D) groups. Notably, this facility, positioned in Noida, Uttar Pradesh, manufactures shopper digital units together with smartphones, tablets, and fridges. As per the corporate, that is the official’s second journey to India in 2024, signalling the nation’s rising significance for the South Korean expertise conglomerate.

Samsung Official Visits Noida Manufacturing facility

In a newsroom post, Samsung Electronics revealed that JH Han, Vice Chairman, CEO and Head of the Machine eXperience (DX) Division visited the Samsung Noida manufacturing unit which is dubbed because the “world’s largest cell manufacturing unit” by the corporate.

Following the go to, the official remarked, “India is among the largest and fastest-growing markets globally and presents an enormous alternative for Samsung. We have been among the many first firms to spend money on India, and I’m blissful that the Noida manufacturing unit has emerged as considered one of our largest services, manufacturing not just for India, however for the world.”

Samsung’s Noida plant was first arrange in 1996 – changing into one of many first international manufacturing services to be established within the nation. It began smartphone manufacturing in 2017. The manufacturing unit’s capability was expanded to a manufacturing restrict of 120 million smartphones per yr in 2018, following an funding of Rs. 4,916 crore by the South Korean firm. It’s unfold over 129,000 sq. metres. In January, TM Roh, President and Head of the Cellular Expertise Enterprise at Samsung Electronics announced that this facility will begin manufacturing laptop computer fashions to be bought within the Indian markets later this yr.

Aside from its Noida manufacturing unit, Samsung additionally has one other plant positioned in Tamil Nadu’s Sriperumbudur. Throughout his go to, the Samsung Vice Chairman additionally praised the R&D carried out by its India-based groups. “I’m proud that many younger, enterprising engineers who’re enjoying an vital position within the improvement of AI are working at our R&D facilities in India”, the official stated.

Samsung says it’s devoted to the “Make in India” initiative. It has a complete of three R&D centres in India, with two of them being positioned in Noida and one in Bengaluru.





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