India now houses the world's largest mobile factory

South Korean President Moon Jae-in will arrive in New Delhi on Sunday, marking his first ever state visit to India and will visit the largest Samsung plantalong with PM Modi on Monday.

The new 35-acre Samsung Electronics facility at Sector 81 in Noida, Uttar Pradesh, will see Prime Minister Narendra Modi and South Korean President Moon Jae-in landing together at a quickly-prepared helipad adjacent to the factory to officially inaugurate it.

Also, Samsung Electronics’ heir apparent Lee Jae-Yong departed for India on Sunday to lay the groundwork to further expand in the Indian smartphone market.

The highlight of Lee’s trip to India will be his meeting with President Moon.

The electronics company in June 2017 announced the Rs 4,915 crore expansion with hopes of doubling its production the following year.

The new plant will not only make mobile phones but also other consumer electronics like refrigerators and flat panel televisions.

The company currently has over 10 per cent of its overall production in India and aims to take it to 50 per cent over the next three years.

Samsung currently has two manufacturing plants, in Noida and in Sriperumbudur, Tamil Nadu, including five R&D centres, and one design centre in Noida. They employe a total of 70,000 people and with its network across 1.5 lakh retail outlets.

Samsung India, that registered 27 per cent growth in mobile business revenue for the financial year 2016-17 — accounting for a whopping Rs 34,300 crore of its reported Rs 50,000 crore sales – won’t be able to hide the smile when the new facility kicks off production from July 9.

With the new $650 million Noida plant slated for operations in the second half of the year, Samsung is planning to ramp up its smartphone production from the current 5 million to 10 million units in a bid to boost sales there.