Samsung, a South Korean consumer electronics company on Monday inaugurated the world’s largest mobile phone factory in Noida (near Delhi). The main motive behind the inauguration of such a big unit in Noida is to increase the annual production capacity of the company’s handset.

On 9th of July, Prime Minister Narendra Modi and South Korean President Moon Jae-in inaugurated the world’s biggest mobile factory in Noida near Delhi. This unit inaugurated in Noida will hold a capacity to fabricate 120 million phones a year which is currently 68 million units at present. The category of the phone will range from low-end smartphones to the company’s flagship models like S9. Sources further added that the company will build an average of 10 million phones a month.

Besides the inauguration of the World’s Largest Cellphone Factory Near Delhi, the company has also taken initiatives to export the handsets from India to the overseas markets through ‘Make for the World’ scheme.

“Our Noida factory, the world’s largest mobile factory, is a symbol of Samsung’s strong commitment to India, and a shining example of the success of the Government’s ‘Make in India’ program,” Samsung India CEO HC Hong said in a release tied to the news. “Samsung is a long-term partner of India. We ‘Make in India’, ‘Make for India’ and now, we will ‘Make for the World’. We are aligned with Government policies and will continue to seek their support to achieve our dream of making India a global export hub for mobile phones”, he further added to his statement.

As per our news sources, Samsung’s Noida factory is one of the first global electronics manufacturing facilities set up in India.

And now with a bigger and a better manufacturing plant, spread over 129,000 sq meter, will not only help the company to double its mobile output but will also help Samsung in order to meet the increasing demand of its unique products and services across the country.

Apart from that Samsung said in a statement that such a move by the company will fulfill its goal of making India an export hub for the world.

Currently, all Samsung mobile phones, like the low-end ones and the high ends including its flagship model S9, S9+, and Galaxy Note8, are manufactured at its Noida plant, say our sources.

This new unit, which will be the world’s largest mobile phone factory ever will not only bring jobs to the country but will also help in bringing down the costs of the company’s mobile phones as well.