Samsung India To Invest ₹1,500 Crore In Smartphone Manufacturing Expansion

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Samsung India Announces ₹1,500 Crore Investment to Expand Smartphone Manufacturing

NOIDA, India – Samsung India has confirmed plans to invest ₹1,500 crore in expanding its smartphone manufacturing capacity, strengthening the company’s commitment to the ‘Make in India’ initiative. The move is expected to significantly boost the output of Samsung’s Noida manufacturing facility, which is already one of the largest smartphone manufacturing plants in the world.

Expansion to Increase Production Capacity

According to reports, the expansion will increase the Noida plant’s production capacity to 120 million units annually. This strategic investment comes as Samsung continues to solidify its leadership position in the Indian smartphone market and looks to cater to the growing domestic demand for smartphones.

The increased capacity will further reinforce India’s status as a leading hub for electronics manufacturing, aligning with government efforts to promote local production under schemes like the Production Linked Incentive (PLI) program.

Part of India’s Growing Manufacturing Ecosystem

Samsung’s latest investment adds to the momentum of India’s electronics manufacturing industry, which has seen a surge in investments both from global giants and homegrown companies. The year 2024 has been particularly notable for manufacturing expansion in India, with a focus not just on assembly but also on areas such as semiconductors, according to an article published by ACKO Drive.

Other companies are following similar paths. Dixon Technologies, a leading contract manufacturer in India, announced plans to invest between ₹1,500 and ₹1,800 crore over the next three years to ramp up its manufacturing operations, The Economic Times reported. Similarly, Mivi inaugurated its second manufacturing facility with an investment of ₹200 crore, as highlighted by the Times of India.

These developments underscore a broader trend of expanding manufacturing capacity in India, as companies seek to address both local market demand and export opportunities.

Supporting India’s ‘Make in India’ Vision

Launched to encourage domestic and global companies to manufacture in India, the ‘Make in India’ initiative has attracted significant foreign direct investment and contributed to job creation. Samsung’s continued commitment is a testament to the success of these policies and a signal of its long-term vision for the Indian market.

Samsung’s Noida facility, which began operations in 2018, has already enabled the company to localize production and reduce import dependency. The new investment will further enable Samsung to roll out new models more rapidly and efficiently.

Outlook: Technology and Job Creation

With India emerging as a crucial player in the global electronics supply chain, investments by companies such as Samsung are expected to generate additional employment and promote skill development in advanced manufacturing. The drive to expand capacity comes amid increasing consumer demand for smartphones and the broader digitalization of services in India.

As local and multinational companies accelerate their manufacturing efforts, India’s electronics sector is poised for robust growth in production and exports, reinforcing its position as a global manufacturing hub.

For further reading:
– [Samsung expands manufacturing facility in Noida; to produce 120 million units annually – Business Today](https://news.google.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?oc=5)
– [2024 in Review: Make in India Surges, With Semiconductors Sharply in Focus – ACKO Drive](https://news.google.com/rss/articles/CBMiogFBVV95cUxOMndsOTBLSmJCLWdKMG51ckdvQk1jZDVwckhDWnEzVnNZUlRrVXVfdTNlRXRMWjJDbWdLcXNISDNlSjc5MEZyaFZQY2lNUl9LMTVsRXJvVGZVZmlfT1lXbGozZ083VkVva0l3NHEtaTNtRXo5SXdoS3pLaXhJT25sR1Q5RTVhQk5BUjA2Y01TOHY2Y3l1dFVRN2tiM3Nka2JqRnc?oc=5)

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