Samsung to open world’s biggest mobile phone factory

Samsung Electronics Co., the South Korean maker of Galaxy phones, said it is opening the world’s largest mobile phone manufacturing facility on the outskirts of the Indian capital, as smartphone demand surges.

The factory will be inaugurated by Indian Prime Minister Narendra Modi and South Korean President Moon Jae-in at 5 p.m. local time. Both leaders are visiting the facility adjoining New Delhi, according to India’s ministry of external affairs.

“The opportunity is just massive,” said Faisal Kawoosa, who heads new initiatives at researcher CMR Pvt. “Such a large facility will help Samsung cater to the huge demand in a country of 1.3 billion people where there are only 425 million smartphone users.”

Since taking power in 2014, Modi has pushed his “Make in India” initiative, which encourages companies to set up plants in the country, as the nation attempts to bolster domestic manufacturing. India attracted the highest ever foreign

Click through to MyBroadband for the full story

Additional information