Hi-Tech

PM Modi to inaugurate world's largest mobile factory in Noida today

PM Modi to inaugurate world's largest mobile factory in Noida today

Since taking power in 2014, Modi has pushed his "Make in India" initiative, which encourages companies to set up plants in the country, as the nation attempts to bolster domestic manufacturing. The country's Prime Minister Narendra Modi and South Korean President Moon Jae-in will visit the site later today to officially inaugurate Samsung's biggest mobile factory. Now, we will create an IT civilisation for both the countries. Narendra Modi and President Moon will together visit the Gandhi Smriti.

During their visit, the two leaders listened to a few of Mahatma Gandhi's favourite bhajans sung by classical singer Vidya Shah.The South Korean President is on a three-day visit to India, having arrived in New Delhi on Sunday evening. A financing arrangement of $10 billion had been set by South Korea for infrastructure development in India, following the visit.

Samsung factory is key to India-Korea relations, stated Modi.

"Appreciating the role of Korea in technological innovations, 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".




Moon's schedule in India includes official talks with Modi which will take place on Tuesday, according to a schedule put out by the Indian foreign ministry.

AIR correspondent reports the visit is likely to open new avenues for expanding the bilateral partnership, particularly in the economic domain. "Our bilateral trade a year ago passed $20 billion and investments are also rising", Indian foreign ministry spokesman Raveesh Kumar told reporters last week.

#09:40 AM: India, South Korea sign agreements on Trade and commerce: Union Minister Suresh Prabhu and South Korean Trade Minister Kim Hyun-Chong sign agreements.

The Prime Minister, who was speaking at the inauguration ceremony of the manufacturing unit of South Korean tech group Samsung, congratulated the team and said that the unit, an investment of Rs 5,000 crore, will help India to become a "manufacturing hub of the world". The two sides were looking at defence hardware procurement and manufacture, Prakash said pointing to India looking at minesweepers for the Indian navy.


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