Samsung, in its recent press release, said that they have completed the construction of the display manufacturing unit that is shifted from China to Noida in Uttar Pradesh.
A delegation of Samsung, led by the company’s Southwest Asia President & CEO Ken Kang, called upon Uttar Pradesh Chief Minister Yogi Adityanath on Sunday.
Reasons Behind Samsung’s Decision?
The delegation said that the decision to move the unit from China to Noida was made considering the better industrial environment and investor-friendly policies. They also confirmed that the work of establishing it has been completed.
Samsung already has its biggest manufacturing plant in the world located in Noida. This facility is not only involved in manufacturing the phones for the country but also exports them to other countries.
India’s Take
During the meeting with the delegation, the chief minister of Uttar Pradesh Yogi Adityanath said that Samsung’s Noida factory is a classic example of the success of India’s ‘Make in India’ program. He further added that this will help the youth of the state to get employment in the state.
CM Adityanath also assured the delegation that the state government will continue to extend help to the Samsung in future as well.
India’s Relation With The South Korean Tech Giant
Spread in a 35-acre facility, Samsung’s biggest mobile manufacturing plant in the world is in Noida already. The phones manufactured in this plant are not only distributed across the country but are also exported to other countries.
Samsung’s major consumer base comes from India itself. As of Q1 2021, Samsung has enjoyed 20% of the country’s smartphone market share.
This step by Samsung to move their unit from China to India is not only going to benefit the tech giant but surely ad a boost to the country’s economy for sure.
