Prime Minister of India Narendra Modi and the President of the Republic of Korea, Mr. Moon Jae-in, today jointly inaugurated a large mobile manufacturing facility of Samsung India Electronics Pvt. Ltd, at Noida.
The investment of about Rs. 5000 crore, would not only strengthen Samsung’s business links with India, but is also significant in the context of the relationship between India and Korea.
Prime Minister spoke of the expansion of smartphones, broadband and data connectivity, which he described as signs of a digital revolution in India. In this context, he also spoke of the Government e-Marketplace (GeM), growth of digital transactions, BHIM App, and RuPay cards.
‘Make in India’ initiative is not just an economic policy measure, but also a resolve of better ties with friendly nations such as South Korea. He said that there is an open invitation for businesses across the world, who want to take advantage of the transparent business culture of New India.
The combination of Korean technology, and Indian manufacturing and software support would provide excellent products for the world.
