South Korean smartphone and electronics giant Samsung has announced that it has completed the construction of its display manufacturing unit in Uttar Pradesh. The company’s new manufacturing facility is based in Noida and will be the new hub for display production. Samsung, in its press release, stated that the display manufacturing unit is shifted from China to Noida. 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, reported Mint.
The delegation mentioned that the construction work displays the commitment towards India and to make Uttar Pradesh a manufacturing hub.
During the meeting with the delegation, the chief minister said that Samsung’s Noida factory is a classic example of success of the ‘Make in India’ programme, and added that this will help the youth of the state to get employment in the state.
CM Yogi assured that the state government would extend help to the company in the future as well. The delegation thanked CM Yogi for permission to continue industrial work during the pandemic.
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The company deemed India’s better industrial environment and industrial-friendly policies among the reasons for shifting the plant to India. It had previously started manufacturing smartphone displays in Noida earlier this year in April.
In December 2020, Samsung had announced that it would shift its display manufacturing plant to Noida from China. Reports suggest that the new plant is the first high-technique project, which is being set up in India after relocating from China. The new project is likely to generate 1,500 direct employment and thousands of indirect jobs.
In case you were not aware, Samsung already has its world’s biggest manufacturing plant in Noida. The facility not only makes phones for India but also exports them to order markets. The company had also said that it will ramp up the production to make IT display panels in the Noida facility as well. The smartphone giant saw a 52 percent year-on-year growth in India in Q1 2021. It has a 20 percent market share in India, according to a Counterpoint Research report. The company also expanded its tablet portfolio in India with the launch of the Galaxy Tab S7 FE and Tab A7 Lite in India.
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