giftedviz.com
giftedviz.com November 13, 2018


Samsung opens world's largest smartphone factory in India

10 July 2018, 03:25 | Megan Pierce

Samsung opens world's largest smartphone factory in India

Narendra Modi

India and South Korea signed 11 agreements, including in the areas of trade, cultural and scientific and technological cooperation, during the visit of South Korean President Moon Jae-in to India. He added the Samsung unit will export its products globally.

As Samsung can manufacture its full range of phones at this one facility, the company can react to the local market with the population now preferring phones costing below $250 due to levels of income. "The new plant will employ 1000 more people", he said. "The best part is that the company will export 30 per cent of the handsets made here to other markets", he said.

South Korean President Moon Jae-in and Indian Prime Minister Narendra Modi were in attendance for the opening ceremony of the facility.

Prabhu and his South Korean counterpart Kim Hyun-Chong signed the joint statement on the Early Harvest package-issues where a breakthrough was achieved-in the India-Korea Comprehensive Economic Partnership Agreement (CEPA) upgradation, said PTI quoting an official statement. The South Korean president said he eagerly awaits Modi's visit to Korea.

The Korean electronics company, which was once the market leader in India, has ceded its share to Chinese firms such as Xiaomi in the smartphone segment and Reliance Jio in the feature phone segment.

The new updated and enhanced facility will also manufacture refrigerators and flat panel televisions, and help Samsung to make further inroads into the electronics market of India. "This Rs 50 bn deal will not only make Samsung's business relations with India strong but also strengthen India's ties with South Korea". This is benefiting medium and small entrepreneurs. He also said that digital transactions are increasing day by day due to the use of RuPay Card and BHIM App.

With the new unit, Samsung is doubling its current capacity for mobile phones in Noida from 68 million units a year to 120 million units a year, in a phase-wise expansion that will be completed by 2020.

Iranian General Soleimani Praises Rouhani for Threats Against World Oil Supply
On Friday, Zarif told reporters in Vienna that Europe must translate its commitment into action before the re-imposition of the USA sanctions on Tehran.


President Trump Announces Supreme Court Pick Monday Night
Joe Manchin of West Virginia, Heidi Heitkamp of North Dakota, and Joe Donnelly of IN , all of whom face tough re-election bids. Bush before Bush picked nominated him to the appeals court in 2003.


Brock Lesnar Attends UFC 226, Teases Title Fight with Daniel Cormier
But when they stepped on the scales Friday morning, Cormier (246 pounds) actually outweighed Miocic (242 1/2). Cormier is at least 5 inches shorter than the 6-foot-4 Miocic, who has a whopping 8-inch reach advantage.


India is a country with a population of 1.3 billion people, and yet there are only 425 million smartphone users. That leaves about 875 million people who could buy their first smartphone sometime within the next few years.

President Moon will be formally received by India's President Ram Nath Kovind on Tuesday before holding talks with Modi in the Indian capital.

Yogi Adityanath, Uttar Pradesh chief minister said that the state government has provided all necessary support to Samsung in establishing the new facility.

A DMRC spokesman said the leaders boarded a Metro train at Mandi House station at around 4:36 pm and travelled up to Botanical Garden station on the Blue Line.

President Moon also addressed the India-Korea business forum and visited Gandhi Smriti with Prime Minister Modi yesterday.

"I feel proud as an Indian today".



Other News

Trending Now

England star Jordan Henderson should be fit for World Cup semi-final
Pickford saved Carlos Bacca's effort to help his nation claim their first ever penalty shoot out win in a World Cup tournament. But we just knew how to reset - "bang, we're going again".

Amid jubilation, 4 more boys rescued from flooded Thai cave
The second phase of a rescue operation has ended for the day, with more than half of the Thai soccer team rescued from the cave. Authorities have said the mission could take up to four days to complete and heavy rain is forecast in the coming days.

Tiger Woods, Phil Mickelson Reportedly Set To Square Off For $10 Million
The duo have been rivals for much of their careers, with Mickelson a long-time number two to Woods' domination as world No. 1. Apparently this was close enough to happening on July 3rd that Mickelson thought it was a done deal, but it fell through.

Former NBA player found dead inside home after police standoff
They made contact with the suspect, a male in his 20's, and as they were communicating with the suspect an OIS occurred. At about 5 p.m. on Friday, officers responded to a call about a man with a gun at Honeycutt's Sherman Oaks address.

Microsoft unveils smaller, cheaper Surface tablet
How much does the Surface Go cost? To make the Surface Go a full laptop-replacement, one will also need to invest in a Type Cover. For charging and docking, there's Surface Connect and USB Type-C 3.1, as well as a microSD card reader for storage expansion.

Pressure on Belgium's golden generation, England can outlast Croatia
England trio Harry Kane , Kyle Walker and Harry Maguire are looking to guide their side to only their second World Cup final. Liverpool defender Dejan Lovren is the only player in the Croatian team now playing in the English Premier League.

6 boys safely rescued from flooded Thai cave as operation underway
Divers were assigned at 10 a.m. local time, and the rescue will start as soon as possible, officials said . As of Sunday evening local time, four boys had been successfully removed from the cave.

Diving Neymar rolls out of social media and into Mexican league football
Spain-Portugal has already been matched or surpassed by at least two games: France-Argentina and Belgium-Japan in the round of 16. As disheartening as the loss is for Brazil, Neymar and Co. are in good company, in a manner of speaking.

How rescuers plan to get trapped boys out of Thai cave
In their letters, posted on the local government's Facebook page, several parents make clear that they do not blame the coach . Other messages written on pages from a notebook saw the boys send messages of reassurance to their anxious relatives.

Hales shines as England level series
Unfortunately for England , the Indian batsmen also enjoyed the bright sunshine and short boundaries in Bristol . Rahul was finally sent back to the pavilion courtesy a sensational running catch by Chris Jordan .