Built on 32 acres of land next to Samsung's (SSNLF) original factory in India, the plant will allow the South Korean firm to almost double the number of smartphones it makes in India every year from 68 million to 120 million by 2020.
In 1997, the plant started manufacturing televisions, and in 2003, expanded to manufacturing refrigerators.
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 factory is located in Noida's sector-81. "Being one of the oldest manufacturers in India, the latest step to expand the facility may work to its advantage, say experts".
Announcing the investment a year ago, the South Korean giant said that it would position the Noida plant as a major production hub and create about 5,000 new jobs.
Demand for new mobile phones is surging in India, helped in part by billionaire Mukesh Ambani offering US$23 4G feature phones, free voice services and cheap data plans.More news: Fortunate Forsberg helps Sweden past Swiss into World Cup quarters
Established in 1995, Samsung India laid the foundation stone of Noida plant next year. "2,000 new jobs will be generated in this plant", he said.
"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", he added. "It will help them (Samsung) more effectively leverage the R&D that has been going on for a long time now".
Yogi Adityanath, Uttar Pradesh chief minister said that the state government has provided all necessary support to Samsung in establishing the new facility.
The Indian mobile phone market grew by 48% YoY in the first quarter of 2018, driven by strong demand from the featurephone segment.
"Today is an important day in making India a manufacturing hub".