(L-R) Mr Yeon Ho Choi, Ambassador of Republic of Korea; Mr Byunggwan Yun, MD- Noida plant, Samsung India; Mr HC Hong, President & CEO, Samsung India; Mr JK Shin, CEO, Samsung Electronics Co. Ltd; Mr Ravi Shankar Prasad, Minister of IT and Law & Justice, Government of India, Mr Satish Mahana, Minister of Infrastructure and Industrial Development; Government of Uttar Pradesh; Mr Suresh Rana, MLA, UP Government; Mr Amitabh Kant, CEO, NITI Aayog and Ms Aruna Sundararajan, Secretary, Ministry of Electronics and IT at the announcement of Samsung's Rs. 4915 crore investment in India and expansion of its Noida plant
With a untainted vision to make Noida, India’s leading IT hub, just like Singapore, the South-Korean Giant, Samsung announced to turn its Noida plant (since 1996) as a major production center. No wonder the forthcoming move is sure to generate thousands of new jobs and act as a catalyst for the development of a robust electronics manufacturing ecosystem – reassuring to boost “Make in India” concept – and make it rework as Make in India, Make for India – an initiative by Samsung.
Noida, June 07, 2017: Samsung Electronics Co., Ltd. on Wednesday announced an investment of INR 4,915 crore in India to add fresh capacity at its Noida plant, where it manufactures smartphones, refrigerators and flat panel televisions. Samsung’s Noida plant was one of the first electronics manufacturing facilities set up in India in the early 1990s. The plant started with the manufacture of televisions in 1997. The current mobile phone manufacturing unit was added in 2005.
All dignitaries during the 'bhoomi-poojan' ritual
The investment reaffirms Samsung’s commitment to ‘Make in India’ and ‘Make for India’ and to the state of Uttar Pradesh. The Noida plant is the Company’s first of two manufacturing units in India and was set up in 1996.
A groundbreaking ceremony and traditional puja was held at the new site today in the presence of Shri Ravi Shankar Prasad, Hon’ble Minister for Communications & IT and Law & Justice; Shri Satish Mahana, Hon’ble Minister of Infrastructure & Industrial Development, Government of Uttar Pradesh; Shri Amitabh Kant, CEO, NITI Aayog along with senior officials of Government of India and the Government of Uttar Pradesh. Mr. JK Shin, CEO, Samsung Electronics Co. Ltd. and Mr. HC Hong, President and CEO, Samsung Southwest Asia, were present along with other dignitaries.
Shri Ravi Shankar Prasad, Minister for Communications & IT and Law & Justice, enjoying some light moments with Mr. HC Hong, President and CEO, Samsung Southwest Asia
The expansion of the plant on an additional 35 acres of land adjacent to the current facility will double the production capacity of both mobile phones and refrigerators, further consolidating its leadership in the mobile phones and consumer electronics segments. The investment proposal was recently approved by the Uttar Pradesh government under its Mega Policy. Though, getting the sanction was not a cakewalk, the process gained a boost and everything fell in place because of the now Chief Minister of Uttar Pradesh, Yogi Adityanath, stated Shri Satish Mahana, Minister of Infrastructure & Industrial Development, U.P., while addressing the media at the event.
The expansion of the plant will act as a catalyst for the development of a robust electronics manufacturing ecosystem and is expected to generate thousands of new jobs, both direct and indirect, across the country. Samsung prides itself in being a key pillar of the Government’s ‘Make in India’ and ‘Digital India’ initiatives.
Mr. HC Hong, President and CEO, Samsung Southwest Asia, said, “This new investment of INR 4,915 crore is a testament to our continuing commitment to ‘Make in India’ and to Uttar Pradesh, which has been our partner right from the day Samsung’s journey in India began. Steadfast support from the state and local authorities in Noida has helped make our vision of ‘Make for India’ a reality. Today, on the back of the Digital India movement led by millions of young Indians, we are witnessing a rise in adoption of electronic devices, smart appliances and mobile phones. A bigger manufacturing plant will help us cater to the growing demand for Samsung products across the country.”