Power News We love to talk!

JUL 10 2018

50 MW power, 22-km electricity line in record time: What Yogi Adityanath did to bring Samsung plant to Noida

  • Economic Times, ET Bureau / Hyderabad
  • Created: Tue 10th JUL 2018

Uttar Pradesh Yogi Adityanath on Monday said that 50 megawatts of power and a 22-km-long electricity line were made available in record four months for the Samsung mobile plant, which was inaugurated in Noida. He said that the 50-megawatt power is the biggest electricity connection so far. Samsung’s plant will be the world’s largest mobile phone factory.

Samsung opened its new mobile phone factory in a 35-acre facility in Sector 81, Noida, which, Yogi Adityanath said, would provide 35,000 direct and indirect jobs to the youth. “A MoU was signed in May 2017, and with an investment of Rs 4,915 crore, the plant is being set up here,” Yogi Adityanath said at the inauguration. 

The plant was inaugurated by Prime Minister Narendra Modi and South Korean President Moon Jae-in. Speaking at the event, Narendra Modi said that mobile manufacturing companies, which have gone up from just 2 to 120, have created more than 4 lakh jobs. “Whenever I talk to business community representatives, I always mention one thing, that I don’t think there is a middle-class house in India without at least one Korean product,” Narendra Modi said at the launch of the plant.

With the launch of this latest manufacturing facility, Samsung aims to increase its manufacturing of mobile phone production in India to nearly 120 million per year as against the 67 million mobiles currently, which are being made in India. The company currently has over 10 percent of its overall production in India and aims to take it to 50 percent over the next three years.

 

 

Tags

Uttar Pradesh DIRECT Memorandum Of Understanding Power Electricity India

Related News

  • Greenko plans $750 million equity investment for diversification drive  Read more
  • Power projects to get coal from CIL till auctions are over  Read more
  • Fuel Cost Adjustment @ 2 paise for consumers in Punjab  Read more
  • CBI may finalise chargesheets in 4 coal cases  Read more
  • MERC trues-up financials and determines ARR for Tata Powers transmission business  Read more
  • Solar projects in Maharashtra receive Rs 4.42 per unit bid  Read more
  • SC admits Gujarat govt's petition for green cess on conventional power firms  Read more
  • India ranks 78th on WEF energy transition index; lower than Brazil, China  Read more
  • Low solar tariffs raise questions on viability of projects: Sajjan Jindal  Read more
  • More green energy shrinks transmission projects' timeline  Read more