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You are here: Home / Technology / Tech Giants Samsung, LG Build New Production Plants In India, China

Tech Giants Samsung, LG Build New Production Plants In India, China

July 11, 2018 ibtimes Leave a Comment

Jul 11, 4:25 AM EDT Newsletter Signup Business Technology World National Media & Culture Opinion Sports Luxury Technology By Corazon Victorino 07/11/18 AT 4:20 AM South Korean tech giants Samsung Electronics and LG Electronics are expanding their manufacturing operations in India and China, respectively. Samsung has unveiled the world’s biggest mobile phone manufacturing plant in India. On the other hand, LG’s display-making arm, LG Display, has already received approval to build a new plant in China.  Samsung introduced what it calls the world’s biggest mobile phone manufacturing plant in Noida, Uttar Pradesh in northern India on Monday. Prime minister Shri Narendra Modi presided over the inauguration of the new factory, as first reported by Digitimes.  Alongside the unveiling of the new facility, Samsung launched the “Make for the World” initiative, which basically aims to export smartphones manufactured in India to overseas markets. The program will easily be realized by the company since its new expansion will double its India capacity from 68 million units a year to 120 million units a year.  “Our Noida factory, the world’s largest mobile factory, is a symbol of Samsung’s strong commitment to India,” Samsung India CEO HC Hong said. “Samsung is a long-term partner of India. We ‘Make in India,’ ‘Make for India’ and now, we will ‘Make for the World.’ We are aligned with government policies and will continue to seek their support to achieve our dream of making India a global export hub for mobile phones.” Meanwhile, LG Display announced Tuesday that it… [Read full story]




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