Samsung India puts Noida on top with world's largest mobile factory

Samsung India puts Noida on top with world's largest mobile factory

South Korean President Moon Jae-in with first lady Kim Jung-sook at Akshardham Temple in New Delhi on Sunday.

Modi visited South Korea in May 2015 during which the bilateral partnership was elevated to a special strategic partnership.

South Korean President Moon Jae-in, who arrived in New Delhi on Sunday on a three-day state visit to India, will inaugurate tech giant Samsung's 35-acre facility in Noida on Monday.

Since taking power in 2014, Modi has pushed his "Make in India" initiative, which encourages companies to set up plants in the country, as the nation attempts to bolster domestic manufacturing.

President Moon Jae-in underlined the importance of the old link between the two countries and said the new plant will create a new IT civilisation forged in the sweat of Indian and Korean workers. After meeting with Swaraj, he will address India - Korea Business Forum at around 3 PM.

Moon's schedule in India includes official talks with Modi which will take place on Tuesday, according to a schedule put out by the Indian foreign ministry.

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AIR correspondent reports the visit is likely to open new avenues for expanding the bilateral partnership, particularly in the economic domain. "Our bilateral trade past year passed $20 billion and investments are also rising", Indian foreign ministry spokesman Raveesh Kumar told reporters last week.

The total number of Indian nationals living in South Korea is estimated to be around 11,000.

The new factory is part of a $700 million expansion plan. But the South Korea firm pulled out of the project last year, after waiting for 12 years for clearances and being caught up in public resistance to the project.

The Noida plant utilised the investment of Rs 4,915 crores which was announced by the company in June a year ago. D programmes, mostly in pure sciences in Korea.

Samsung has two manufacturing plants in India, located in Noida and in Sriperumbudur, Tamil Nadu.

He also said that today's launch will help citizens and boost the Make in India initiative.

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