Samsung, in their recent press release, said they have completed the construction of the display manufacturing unit moving from China to Noida in Uttar Pradesh.
A Samsung delegation, led by the company’s Southwest Asia President and CEO Ken Kang, visited Uttar Pradesh Chief Minister Yogi Adityanath on Sunday.
Reasons behind Samsung’s decision?
The delegation saying that the decision to move the unit from China to Noida was made with an improved industrial environment and investor-friendly policies in mind. They also confirmed that the establishment work has been completed.
Samsung already has its largest manufacturing plant in the world located in Noida. This facility is not only involved in the manufacture of telephones for the country, but also exports them to other countries.
Taking of India
During the meeting with the delegation, the Prime Minister of Uttar Pradesh Yogi Adityanath He said the Samsung factory in Noida is a classic example of the success of India’s ‘Make in India’ program. He further added that this will help the state’s youth to get employment in the state.
CM Adityanath also assured the delegation that the state government will also continue to provide assistance to Samsung in the future.
India’s relationship with the South Korean tech giant
Spread over a 35-acre facility, Samsung’s largest mobile device manufacturing facility in the world is already located in Noida. The phones manufactured in this plant are not only distributed throughout the country but are also exported to other countries.
Samsung’s main consumer base comes from India itself. As of the first quarter of 2021, Samsung has enjoyed 20% of the country’s smartphone market share.
This move by Samsung to move its unit from China to India will not only benefit the tech giant, but will surely give a boost to the country’s economy.