Samsung Electronics has opened the world’s biggest assembling plant in India. The service was gone to by the Prime Minister of India, Narendra Modi and the South Korean President, Moon Jae-in. The processing plant is guaranteed to be the world’s greatest, with a creation limit of up to 120 million telephones every year. The production line is arranged in Noida, which is situated in the province of Uttar Pradesh.
Samsung’s choice to grow their current tasks come kindness of the Government of India’s Made in India Initiative, which likewise observed Apple choosing to begin generation of the iPhone 6 locally in India. The Made in India activity has pulled in a record measure of $62 billion of remote direct speculation to the nation.
The Indian market is a standout amongst the most alluring markets around the world. With a populace of 1.3 billion individuals and a current cell phone client base of 425 million individuals, India is the second biggest cell phone showcase on the planet. To additionally sweeten these numbers, this figure is required to develop to 700 million clients by 2021. This development rate is in accordance with the present development of the Indian market, which saw a 14% ascent in shipments in 2017.
According to Samsung, the factory will produce a number of smartphones, starting from budget phones priced near $100 all the way up to the flagship model, Galaxy S9. The Indian market is intensively price-sensitive, which can be seen by how Samsung wanted to meet consumer demands by expanding their production capacity instead of importing handsets into the country (which would subject them to a tax of 20%).
Although Samsung is the top smartphone manufacturer globally, it has failed to retain its throne in India, wherein it was taken over by Xioami. Xiaomi has multiple factories set up throughout the country, meaning that their phones are not subject to the 20% tax as well. Question is, will Samsung’s initiative actually have a role in increasing their market share in the country or will they be overpowered by other manufacturers like Xiaomi in the future as well?
India is progressing rapidly in the field of technology. They have managed to attract many multinational companies to the country. Their progress should serve as a base for the upcoming Pakistani government to introduce measures that bring these companies to Pakistan as well. After all, we want more jobs too, right?