South Korean smartphone manufacturer Samsung has announced that it has finished constructing its display manufacturing unit in Uttar Pradesh. The new hub for display production is now based in Noida. The display manufacturing unit has been shifted from China to Noida, said Samsung.
The reason behind the shift being stated is India’s better industrial environment and industrial-friendly policies. A delegation led by the company’s Southwest Asia President & CEO Ken Kang called upon Uttar Pradesh Chief Minister Yogi Adityanath on Sunday.
The delegation said that “owing to the better industrial environment and investor-friendly policies, Samsung decided to establish the Display Manufacturing Unit, which was located in China, in Noida, and the work of establishing it has been completed”, an official release said.
The Chief Minister mentioned that Samsung’s Noida factory is a classic example of the success of the ‘Make in India’ programme and will also help in employment generation in the state. The CM also assured Samsung that the state government would continue to extend help to the company in future as well.
In case you were not aware, Samsung already has its world’s biggest manufacturing plant in Noida. The facility not only make phones for India but also export them to order markets. The company had also said that it would ramp up the production to make IT display panels in the Noida facility.
The smartphone giant saw a 52 per cent year-on-year growth in India in Q1 2021. It has a 20 per cent market share in India, according to a Counterpoint Research report. The company also expanded its tablet portfolio in India to launch the Galaxy Tab S7 FE and Tab A7 Lite in India.