Samsung Opens World's Largest Smartphone Plant in India

Samsung's newly expanded smartphone manufacturing plant in India, designed to double output to 120 million phones annually by 2020, was formally opened by South Korean President Moon Jae-in and Indian Prime Minister Narendra Modi.

After being overtaken as the country's most popular smartphone by Chinese manufacturer, Xiaomi, Samsung committed to investing USD $715 million towards the expansion. This is in response to Xiaomi's growth from two to six plants in India, which has targeted consumers with lower budgets and claims it averages production of two smartphones every second. This news may heighten expectations for seeing greater smartphone penetration among the poor over the next several years.

India is the world's second largest smartphone market behind China with over 300 million smartphones yet over one billion people don't have access to the Internet. The mobile broadband landscape has been changing with the recent introduction of Reliance Industries' Jio, whose USD 32 billion investment and substantial reduction of mobile communications related consumer costs has yielded over 150m subscribers since the third quarter of 2016.

Sources:

CNN: Samsung goes big in India with 'world's largest mobile factory'

The Economic Times: India's 660 million population unconnected: Broadband Commission

Financial Times: Reliance Industries’ Jio reshapes India’s telecoms market

Live Mint: Post Reliance Jio, India’s mobile industry officially shrinks by a third

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