Prime Minister Narendra Modi and South Korean President Moon Jae-in, who led the inauguration, took the Delhi Metro for a part of their journey to the venue in Noida. They will hold bilateral talks today and the two sides are likely to sign an updated Comprehensive Economic Partnership Agreement (CEPA).
In his address at the Samsung event, Modi said that development would lend pace to the Make in India programme. “I have been told that this unit will be the company’s largest manufacturing unit. Here, every month around 1 crore phones will be made. What is also important is that 30 per cent of whatever will be produced, will be exported to different countries of the world,” he said.
“Samsung has played a key role in employment generation too. You have given employment to around 70,000 people directly, out of which around 5,000 are here in Noida. At this new plant, 1,000 more people will get jobs,” Modi said.
“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’ programme. 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,” H C Hong, Chief Executive Officer, Samsung India, said.
He further said that Samsung’s investment would not only strengthen the company’s business ties in India, but will also be significant in the context of the relationship between India and Korea.