Samsung Electronics recently opened a new factory in India, which the South Korean tech group says is the world’s biggest mobile phone manufacturing plant and part of its plans to expand production in the world’s fastest growing major mobile phone market. The company said in a statement that the factory will help it to double its current capacity for mobile phones in Noida to an annual 120 million units, after the phased expansion plan is complete. Commenting on their expansion plans, H C Hong, CEO, Samsung India, asserted, “We also plan to export India-made handsets. We ‘Make in India’, ‘Make for India’ and now, we will ‘Make for the World”. PM, Narendra Modi’s government has imposed taxes on imports of key smartphone components to encourage electronics manufacturing in India, which would boost growth and create more jobs.
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