Samsung is a multinational conglomerate that is majorly known in India for its smartphones. The company was founded in the year 1938 and has its headquarters located in South Korea. The company has the 8th highest global brand value as of 2020 and also has a number of affiliated businesses under the brand Samsung.
The company in a recent press release had announced that it is shifting its manufacturing unit for display production from China to Noida. Let’s look at the benefits for the company is shifting the manufacturing unit to India.
Samsung – Latest News
How will Samsung Benefit by shifting Display Manufacturing Unit from China to Noida
Samsung Delegation on shifting Display Manufacturing Unit
Chief Minister of Uttar Pradesh on this move by Samsung
FAQ
Samsung – Latest News
Samsung has announced that it has completed the shifting of its display manufacturing to Noida. The company had conveyed that it has finished the construction of the manufacturing unit in Noida. The new manufacturing unit that is based in Noida is the new manufacturing hub for display production.
Pooja Uniyal
How will Samsung Benefit by shifting Display Manufacturing Unit from China to Noida
The company has stated the reasons and benefits for moving the plant from China to Noida is the Industrial environment in India is much better than in China and also added that the policies in India are much more industrial friendly.
Other than these, one of the major points to be noted is that Samsung already has its biggest manufacturing plant in the world located in Noida. This facility is not only involved in the manufacturing the phones for the country but also exports them to other countries.
India is also a major country where Samsung has a huge consumer base. Samsung has seen a 52 % increase in the growth of the smartphones in India in the 2021 Q1. The company also has a 20 % market share in India. India is also focusing on the Make in India concept and trying to reduce as much as goods from China.
Samsung Delegation on shifting Display Manufacturing Unit
A team from Samsung which was led by the CEO Ken Kang and the company’s Southwest Asia President had called upon Yogi Adityanath who is the Chief Minister of Uttar Pradesh on 20 June 2021 and stated that the company had finished the construction of the Display production unit in Noida and would be shifting the manufacturing unit from China to Noida.
One of the reasons stated by them to shift the plant from Noida to China was the Industry friendly environment in India. The company further added that they were planning to make the manufacturing hub of Samsung in Noida.
Pratyusha Srivastava
Chief Minister of Uttar Pradesh on this move by Samsung
The Chief Minister of Uttar Pradesh Yogi Adityanath had conveyed in the meeting that the Make in India is a successful campaign and the Noida factory of Samsung is one of the major examples for it. He further added that the new manufacturing unit of Samsung will be creating a lot of employment opportunities for the youth of the country.
The Chief Minister also provided an assurance to the team from Samsung that the Government of Uttar Pradesh will continue to help and support the Samsung company in the future as well.
Conclusion
The team from Samsung had mentioned that the construction work shows their commitment towards India in order to make the country a manufacturing hub of Samsung. However, the company had already started the manufacturing of its smartphone displays in Noida from April 2021. The company had also recently expanded the portfolio of its Tablets in India with the release of Tab A7 Lite and Galaxy Tab S7 FE.
FAQ
Is Samsung phones manufactured in India?
Samsung has two factories - in Noida and Tamil Nadu, where it makes 90% of the handsets it sells in the country, it also has three R&D facilities in India.
Where is Samsung's biggest manufacturing unit?
Samsung's biggest mobile manufacturing plant in the world is in Noida which is a 35-acre facility.
Why does Samsung manufacture in India?
Samsung believes that Industrial environment in India is much better than in China and also added that the policies in India are much more industrial friendly.
Author: Alan Joseph
Source : https://startuptalky.com/samsung-manufacturing-unit-shifted-to-noida/
Date : 2021-06-22T12:48:32.000Z