South Korean conglomerate Samsung Electronics Monday inaugurated what it said is the world's largest mobile factory that will have a capacity of 120 million handsets a year - almost double the current 68 million - under a phased expansion by 2020.
Stating that Korean products can be found in nearly all middle-class homes, he said Samsung is a world leader in the smartphone market. South Korean investments in India amount to $4.64 billion between 2000-2017 with Kia Motors announcing a $1.1 billion investment to set up a manufacturing unit in Andhra Pradesh.
"Cheaper mobile phones, high-speed internet, and cheap data are ensuring fast and transparent service delivery", he said.
It now has a total of six factoriesthat it says can produce two smartphones every second.
PM Modi along with South Korean president Moon Jae-in will be inaugurating the facility in Noida at 5 pm Monday.
Moon will hold talks with Modi on Tuesday during his four-day visit, which India expects would open new avenues for expanding the bilateral partnership, particularly in the economic domain.
"Samsung's small and mid-sized suppliers can leverage the opportunity and create more jobs for Indians...2,000 new jobs will be generated in this plant", Mr Moon said, adding the Korean government will provide all necessary support in this journey. Over 30 per cent of the production at Samsung's Noida manufacturing facility will be exported.
The 35-acre Samsung Electronics facility in Noida sector 81 was added in 2005, and in June past year, the South Korean giant had announced Rs 4,915 crore investment to expand the Noida plant to double the production. The launch of the Samsung plant is a part of PM Modi's "Make In India" campaign.
In 1997, the plant started manufacturing televisions, and in 2003, expanded to manufacturing refrigerators.
70,000 employees are now working for Samsung, and they are looking forward to expand their offline presence to 1.5 lakh retail outlets.
CNN-News18 (formerly known as CNN-IBN) has been the world's window to India and India's window to the world. "India is going through digital transformation and I encourage more companies from South Korea to come and invest here", Modi noted. India has around 40 crore smartphone users and almost 32 crore people use broadband.
Belgium gaffer Roberto Martinez was tipped to manage his country having guided the Red Devils to the World Cup semi-finals. Of the starting XI against Russian Federation , only Marco Asensio will be under 30 when the next World Cup comes around.
Allen and Young were both called for technical fouls after almost fighting each other in the first half of the exhibition game. As Trae motioned to shoot, both players locked arms with Grayson effectively choosing to pull his man down.
The Spurs hot-shot in an interview after the game said: "There is still a game ahead, an exciting event, the semi-final". On Ben's World Cup ceremony he said: 'You can see from his face, he was just delighted with it.
Petersburg, Sochi, Kazan, Saransk, Kaliningrad, Volgograd, Rostov-on-Don, Nizhny Novgorod, Yekaterinburg and Samara. The country selected 11 host cities to be the venues for the matches of the 2018 World Cup and they are Moscow, St.
Nine were killed in Ehime Prefecture, with the rest killed in Osaka, Shiga, Hyogo, Okayama, Yamaguchi and Fukuoka prefectures. The government set up a liaison unit in the crisis management center of the prime minister's office to gather information.
Separately, doubts about Trump's commitment to European security have pushed EU leaders to boost defense cooperation. This is not fair, nor is it acceptable", Trump tweeted Monday morning, previewing his message in Brussels .
Nonetheless, at 6.6 million, the number of unemployed Americans could again be smaller than current job openings. Following the report , US stock turned positive after having been in red figures ahead of the report.
The depression should slow down and meander of well offshore of the coast of North Carolina through Monday . Tropical storm conditions are possible in the watch areas of the Lesser Antilles by late Sunday or Monday .
Raymond Kethledge , a former Kennedy law clerk and appeals court judge from MI , is thought to be a leading contender. Trump promised to appoint anti-abortion justices to the high court during his 2016 presidential campaign.
Soldiers arrive outside the Tham Luang cave complex in the northern province of Chiang Rai, Thailand , July 8, 2018. The other, and perhaps more worrying, was that oxygen levels in the complex were falling close to unsafe levels.
And sure enough, the worldwide figures for Spotify and Apple Music show a spread that is more in line with what one would expect. Spotify , however, still leads outside of the USA , tallying 75 million subscribers as part of its first earnings report in May.