The South Korean tech giant, Samsung has just inaugurated the world’s largest phone factory in Noida, near the outskirts of New Delhi.
The company is hoping to expand production and also lower manufacturing costs there as it pushes its presence in the fastest-growing mobile phone market.
The facility is expected to help Samsung build more cheap phones to make gains in India, a market dominated by the likes of Xiaomi and Lenovo’s Motorola unit.
South Korean President Moon Jae-in and Indian Prime Minister Narendra Modi were in attendance for the opening ceremony of the facility.
India, the world’s second-biggest smartphone market and home to more than a billion wireless subscribers, is a big opportunity for Samsung.
Samsung, which has been assembling phones in India since 2007, also plans to export India-made handsets.
“We ‘Make in India’, ‘Make for India’ and now, we will ‘Make for the World’,” H C Hong, Chief Executive Officer at Samsung India said in his statement.