India is one of the biggest and fastest-growing markets for Samsung globally, stated Samsung Electronics CEO and Vice-Chairman Mr. Jong-Hee (JH) Han during his visit to the company’s Noida factory, where it produces smartphones, tablets, and refrigerators. He emphasized the increasing significance of the Indian market for the South Korean company, noting, “India is the fastest-growing market globally and offers a huge opportunity for Samsung. We were among the first companies to invest in India. I am happy that the Noida factory has emerged as one of our biggest manufacturing facilities for India and the world.” Earlier this year, Samsung introduced its ‘AI for All’ vision to enhance consumer lives through artificial intelligence and hyper-connectivity. In 2024, Samsung’s Galaxy AI-powered premium smartphones and Bespoke AI home appliances, including refrigerators, air conditioners, and washing machines, have created a distinctive ecosystem of connected devices, offering convenience, connectivity, and energy savings.
The company’s ‘One Samsung’ experience, powered by advanced technology, has set its products apart, especially in the premium refrigerator segment. This market has seen rapid growth in India as consumers opt for larger-capacity refrigerators with enhanced features. He also praised the India-based R&D teams, saying, “India has a large population of tech-savvy young consumers that inspire us to innovate. I am proud that many young, enterprising engineers who are playing an important role in the development of AI are working at our R&D centres in India.” Samsung’s commitment to the “Make in India” initiative is demonstrated by its manufacturing plants in Noida and Sriperumbudur, a design centre in Noida, and 3 R&D facilities in Noida and Bengaluru.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
