The factory, inaugurated jointly by Indian Prime Minister Narendra Modi and South Korean President Moon Jae-in, will also help Samsung to compete with rivals such as China's Xiaomi, which became India's biggest smartphone brand by shipments earlier this year. A South Korean recognition of India as "Native English Speaking" opens up an E2 visa for.
Samsung India said in a press statement that the bigger manufacturing plant will respond to the growing demand for Samsung products across India.
Samsung factory is key to India-Korea relations, stated Modi.
#11:05 AM: EAM Sushma Swaraj meets South Korean President Moon Jae-in: "Shared commitment to values of democracy, open society & liberal worldwide order!" India also features prominently in Moon's "new southern policy" that aims at boosting ties with India as well as South-East Asian countries, it said. Republic of Korea is a valued partner. India attracted the highest ever foreign direct investment in the past year with inflows totalling US$62 billion.
All attackers dead as Somali ministry siege ends
Police have since told broadcaster al-Jazeera that all the militants had been killed in a two-hour gun battle . Witnesses said some staffers died or were injured while leaping from windows or walls in an effort to escape.
According to former Indian ambassador to South Korea Vishnu Prakash, the two countries seem to have got over the discomfort in ties caused by South Korea not being able to execute a $12 billion planned investment by its steel giant Posco. More than 120 local factories now assemble mobile phones and accessories like chargers, batteries, powerbanks and earphones in India, according to tech research firm Counterpoint.
"Posco was certainly an unhappy experience".
The Noida plant utilised the investment of Rs 4,915 crores which was announced by the company in June previous year.
Samsung has two manufacturing plants - in Noida and in Sriperumbudur, Tamil Nadu - five R&D centres, and one design centre in Noida, employing over 70,000 people and expanding its network to over 1.5 lakh retail outlets.