The Noida factory of Samsung has been inaugurated by Prime Minister Narendra Modi and South Korean President Moon Jae-in at around 5.30 pm today. Samsung’s 35-acre Noida factory will be world’s largest with a claim of 120 million mobile phones per year.
This move will help Samsung to compete with rivals such as China's Xiaomi, which became India's biggest smartphone brand by shipments earlier this year. Samsung, which has been assembling phones in India since 2007, also plans to export India-made handsets, the company said in a statement.