PM Modi, South Korean President Moon Jae-in inaugurate Samsung Centre

In front are open fields with grazing cattle, to the left are under-construction residential societies and to the right is its existing facilty - this where Samsung has set up what is the world's largest mobile factory.

He described the opportunities between the two countries as "boundless" in a speech to Indian and South Korean businessmen just hours before inaugurating an expansion of Samsung Electronics' cellphone manufacturing unit in Uttar Pradesh jointly with Prime Minister Narendra Modi. The company started producing refrigerators at the plant in 2003 while mobile phone production started in 2007.

The plant is spread over 129,000 square meters, or 35 acres. "India has become number 2 in mobile phone manufacturing".

Mobile manufacturing was added in 2005.

The prime minister said more than 1 crore mobile phones will be made in this new unit of Samsung, while 30% of this will be exported. On day two of his India visit, Moon will address an India - Korea Business Forum and inaugurate South Korean tech giant Samsung's largest mobile unit in Noida along with PM Modi.

"The visit to India and Singapore by the head of state marks a move towards launching the New Southern Policy in earnest", Mr Kim Hyun-chong told reporters, referring to President Moon's key foreign policy that seeks to greatly enhance the country's relationship with India and 10 members of the Association of South-east Asian Nations (Asean). India is using 40 crore smartphones, 32 crore people are using broadband technology.

He stressed that over one crore mobile phones would be manufactured in the new Samsung facility, which will give a boost to the country's economy, adding that with the help of South Korea's technological expertise and India's manufacturing expertise, both the countries' economies would be empowered.

Modi said Samsung acquired an important position in the daily lives of the people of India.

Prime Minister Narendra Modi with South Korean President Moon Jae-in at Yamuna Bank Metro station, in New Delhi on Monday.

In his address at the Samsung event, Modi said that development would lend pace to the Make in India programme. The capacity increase is in line with Samsung's plans to expand production that will help it compete with its Chinese rivals in the Indian market.

India, on the other hand, may hold the greatest potential for South Korea and have the least risk. That is one reason Apple has struggled to gain market share in India, as most iPhone models are priced beyond US$500, according to a Bloomberg Intelligence report earlier this month.

Vanessa Coleman

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