© Reuters. SAMSUNG OPENS IN INDIA IS A GIANT FACTORY OF MOBILE PHONES
MUMBAI (Reuters) – Samsung Electronics (KS:005930) announced on Monday the opening in India of what it presents as the largest manufacturing plant of mobile phones in the world, the tech giant from south korea seeking to take advantage of a market in strong growth.
The site, on the outskirts of New Delhi, will allow Samsung to reduce its production costs through economies of scale, say industry analysts.
The group will be better equipped to face the local competition, including that of the chinese Xiaomi, which this year became the number one seller of smartphones in the indian market.
A part of the production is also exported.
The plant will be inaugurated jointly by the Prime minister of india Narendra Modi and the president of south korea, Moon Jae-in.
The indian government has taxed imports of key components of smartphones in the context of a plan unveiled in 2016 and is intended to bring the manufacturers on its soil to promote employment.
(Sankalp Phartiyal, Véronique Tison for the French service)