PM Modi to inaugurate Samsung plant in Noida.
Prime Minister Narendra Modi and South Korean President Moon Jae-in on Monday jointly inaugurated Samsung mobile factory -- which is world's largest mobile plant -- in Noida in Uttar Pradesh.
Earlier on the day, both leaders took a Metro ride to reach Samsung mobile factory in Noida on Monday. The PMO tweeted a picture of the two leaders travelling on Delhi Metro. Another picture tweeted by the PMO showed them at the Yamuna Bank metro station.
Moon Jae-in on Monday kicked-off his first state visit to India with a tour of the Akshardham temple in Delhi and said the two countries may have different cultures but share common values such as peace, harmony and unity in diversity.
The president, accompanied by his wife Kim Jung-sook, arrived at the sprawling temple premises this evening from the Delhi airport and spent an hour there, admiring its iconic architecture and listening to the stories behind it design.
The two visiting dignitaries entered the temple premises through its beautiful Bharat Upwan, and were welcomed with garlands, a 'tika' and 'kalwa' (holy thread) on the wrist in front of the Mayur Swagat Dwar by Sadhu Gnanmunidas, Swami of the temple.
The Korean president, after arriving at the Swaminarayan Akshardham Temple, billed as the 'World's Largest Comprehensive Hindu Temple', posed for pictures and then went to the main temple where he paid floral tribute at the sanctum sanctorum and performed its 'parikrama' (circumambulation).
Moon is on a four-day visit to India, during which he will hold talks with Prime Minister Narendra Modi on several issues, including the situation on the Korean peninsula and ways to boost bilateral trade and defence cooperation.
Here are the Highlights: Modi, Moon visits Noida to inaugurate Samsung Mobile factory
6:30 pm: India and Korea have complementary strengths and both the countries will be helpful to each other in every way. Standing at the Noida plant, I think of the way India and Korea first met, all those years ago with dynamic civilisations. Now, we will create an IT civilisation for both the countries. This plant and what it represents will go down in the history of bilateral relations of India and Korea: President Moon Jae-in
6:28 pm: The expectations placed by Indians and Koreans have increased with us setting up the biggest plant in India. With the completion of this plant, there will be more jobs for Indians. Over 2,000 more jobs will be created. I hope smartphones produced by this plant are exported to more countries, strengthening cooperation between other countries: President Moon Jae-in
6:25 pm: In every corner of this plant, we can feel the passion and pride of many people. Samsung now has the number one market share for two consecutive years in India: President Moon Jae-in.
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6:15pm: South Korean President addresses the guests at Samsung mobile factory
6:12pm: Today, services are reaching people faster following India becoming digital, says PM Modi
6:10pm: 'GeM' means Government e Market, through this, Govt is now directly buying from producers. This is benefiting medium and small entrepreneurs. This has also brought transparency, says PM Narendra Modi
6:08: Whenever I talk to business community representatives I always mention one thing that I don't think there is a middle class home in India where a Korean product is not found, says PM Modi at inauguration of Samsung mobile factory in Noida
6:05pm: India is going through a digital revolution, says PM Modi
6:05pm: Today's event is a big step towards making India a manufacturing hub. There is hardly a family in India which wouldn't have a Korea-made product at home, says PM Modi
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5:58pm: It's a pleasure for me to come to Noida to visit and inaugurate Samsung mobile factory, says PM Modi
5:57pm: PM Modi begins his speech
5:55pm: South Korea and Uttar Pradesh have an emotional relationship, about 2000 years back the princess of Ayodhya got married to the prince of Korea, said Yogi Adityanath at inauguration of Samsung mobile factory in Noida.
5:50pm: Uttar Pradesh Chief Minister Yogi Adityanath welcomes Prime Minister Narendra Modi and South Korean President Moon Jai-in in Noida.
5:30pm: Prime Minister Narendra Modi and South Korean President Moon Jae-in jointly inaugurates Samsung mobile factory in Noida.
5:10pm: Prime Minister Narendra Modi and South Korean President Moon Jae-in reach Noida's Samsung mobile plant.
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4pm: The Indian govt is planning to built 100 smart cities and construct industrial corridor to link the major cities. It is our wish to participate in these infrastructural projects as well, said Moon Jae-in, President of South Korea
4pm: My new southern policy is aligned with PM Modi's Act East Policy.Both the policies will come to completion when prosperity spreads across the whole of Asia.India & Korea has a long standing history of exchange,you are a friend who helped us in time of need, said President of S. Korea.
4pm: Committed to raise Korea's relations with India to the level as those with 4 major powers around Korean peninsula.This commitment is embodied in my new southern policy that aims to move beyond economic-cooperation to building prosperous ppl centric community of peace, said Moon Jae-in.
On Sunday, Chief Minister Yogi Adityanath reached Noida in the afternoon and took stock of the preparations. He reviewed the security arrangement of route from which the PM will be travelling to the venue. After reaching the venue at Sector-81, he held a meeting with the administration and police officials for about an hour.
Senior ministers like Satish Mahana, MLA Pankaj Singh, district magistrate BN Singh were also present in the meeting in which Yogi instructed the officials of maintain tight security.
Samsung India puts Noida on top with world's largest mobile factory: All you need to know
In front are open fields with grazing cattle, to the left are under-construction residential societies and to the right is its existing facilty - this where Samsung has set up what is the world's largest mobile factory.
Not China or South Korea -- and certainly not the US -- the tag of housing the world's largest mobile factory has straight away put Noida on top of the world manufacturing map when it comes to consumer electronics.
One of the first electronics manufacturing facilities set up in the country in the early 1990s, the plant started by manufacturing TVs in 1997. The current mobile phone manufacturing unit was added in 2005.
In June last year, the South Korean giant announced a Rs 4,915 crore investment to expand the Noida plant and, after a year, the new facility is ready to double production.
The company is currently making 67 million smartphones in India and with the new plant being functional, it is expected to manufacture nearly 120 million mobile phones.
Not just mobiles, the expansion of the current facility will double Samsung's production capacity of consumer electronics like refrigerators and flat panel televisions, further consolidating the company's leadership in these segments.
Samsung has two manufacturing plants -- in Noida and in Sriperumbudur, Tamil Nadu -- five R&D centres, and one design centre in Noida, employing over 70,000 people and expanding its network to over 1.5 lakh retail outlets.
Established in 1995, Samsung India laid the foundation stone of Noida plant next year. In 1997, production commenced and the first television was rolled out. In 2003, refrigerator production began.
By 2005, Samsung had become market leader in panel TVs and in 2007, the existing Noida facility started manufacturing mobile phones.
In 2012, Samsung became the leader in mobile phones in the country and the Noida facility rolled out the first-ever "Galaxy S3" device. Today, Samsung is the market leader across mobile segments.
The company currently has over 10 per cent of its overall production in India and aims to take it to 50 per cent over the next three years.
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(With IANS inputs)
