New Delhi: Prime Minister Narendra Modi and South Korean President Moon Jae-in jointly inaugurated the Noida factory of Samsung at around 5.30 PM today. The 35-acre Noida factory has been touted as the ‘world’s largest mobile factory’, and is said to manufacture 120 million mobile phones per year.
According to reports, the Samsung ‘s mobile manufacturing plant in Noida currently has a capacity of around 67 million phones, which includes both smart and feature phones. Samsung had announced an investment of Rs 4,915 crore for the Noida plant last year.
South Korean President Moon Jae-in on Sunday evening arrived in India on a four-day state visit. Soon after his arrival, he visited the Akshardham Temple. He then travelled in the Delhi Metro with PM Modi.
On Tuesday, he would be accorded ceremonial reception at the Rashtrapati Bhavan followed by a meeting with Naidu. The same day, he would meet Modi.
India and South Korea would sign various agreements following delegation level talks.
In the evening, Moon will be hosted to dinner by President Kovind. The South Korean President would depart on Wednesday morning.
Earlier today, Moon met External Affairs Minister Sushma Swaraj. The two held discussions on further elevating the Special Strategic Partnership between South Korea and India by expanding ties across several sectors.
The company two manufacturing plants one in Noida and the other in Sriperumbudur, Tamil Nadu. It also has five Research and Development centres, and one design centre in Noida, According to the report, they currently employ over 70,000 people.
Modi visited South Korea in May 2015 during which the bilateral partnership was elevated to a special strategic partnership.