Manufacturing Capacity And Innovation Projection For Samsung

Samsung is a South Korean multinational conglomerate based in Seoul. They have had their manufacturing units in six countries, namely, Vietnam, China, India, Brazil, Indonesia and Korea. Recently, Prime Minister, Narendra Modi and South Korean President, Moon Jae-in have inaugurated Samsung Electronics Co. Ltd's mobile phone factory in Noida. Spread over 35 acres, it is one the largest in the world. The new plant is estimated to produce 12 crore mobile phones every year.

Earlier, the company exported about 10% of the production output of about 5 million units per month. With the setting up of the new plant, the exports are likely to expand to 7 million units per month with regard to the export to Russia, Dubai, eastern European countries and Africa. It is estimated that the company plans to increase the export to 30% by 2020. Currently, the company is working towards increasing its manufacturing capacity from about 67 million units to a whopping 120 million