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World's largest mobile manufacturing factory
Prime Minister Narendra Modi and visiting
South Korea President Moon Jae-in
inaugurated a Samsung Electronics facility
in Noida in Uttar Pradesh
POINTS
•The South Korean tech giant makes 67 million
smartphones in India and with the new plant, it is
expected to manufacture nearly 120 million.
•Samsung’s Noida plant was set up in 1995 -1996
where it has been manufacturing smartphones,
refrigerators and flat-screen televisions.
NOTES
• Samsung had pumped in Rs 4,915 crore for expanding
the unit, from where it plans to not only cater to the
Indian market but also export phones to Europe,
West Asia and Africa.
• “The new unit has come up on an additional 35 acres
adjacent to the current facility. It will double the
production capacity of both mobile phones and
refrigerators,”
THE DOMINO AFFECT
• India’s smartphone market grew 14% with total shipments of 124 million units in 2017, the fastest pace of growth among the top 20 markets, according to International Data Corp.
• In a country of 1.3 billion people where there are only 425 million smartphone users
•Demand for new phones is surging in India, helped in part by Reliance Jio’s cheap phones, free voice services and cheap data plans. Chinese smartphone maker Xiaomi Corp. said in April it will set up three more factories in India.
INDUSTRIAL REVOLUTION 4.0
• The First Industrial Revolution used water and steam power to
mechanize production. The Second used electric power to
create mass production. The Third used electronics and
information technology to automate production.
• Now a Fourth Industrial Revolution is building on the Third,
the digital revolution that has been occurring since the middle
of the last century. It is characterized by a fusion of
technologies that is blurring the lines between the physical,
digital, and biological spheres.
TIMELINE?
• First industrial revolution: in the time period between
1760 and 1840.
•The second industrial revolution took place over the
end of the 19th century and beginning of the 20th from
about 1870 to 1914 and the beginning of World War I
GEOPOLITICS
• The geographical importance of the Indo-Pacific region,
covering both Korea and India, is increasing day by day, and
opportunities and challenges are rising at the same time. Many
countries, including the United States, Japan and Australia, have
shown keen interest in the region and continue to discuss ways
to promote regional peace, stability and prosperity.
- S Korea president
SOUTH KOREA GRAND STRATEGY
•Moon embarked on state visits to India and Singapore
from July 8 to 13 as part of efforts to speed up his
"New Southern Policy" initiative.
• India and Singapore, who were allied with the U.S. much
more during the Obama administration, now worry
about being "bullied" as all other allies, such as Mexico,
Canada and the EU.
INDIA-KOREA ECONOMIC AND COMMERCIAL RELATIONS
• The trade and economic relations between India and Republic
of Korea (Korea) have gathered momentum in recent years
with bilateral trade reaching $20 billion in 2018.( India is the
13th largest trade partner of Korea. )
• The bilateral Comprehensive Economic Cooperation
Agreement (CEPA) set in place since 2010 has spurred the
process.
NOTES
•Korean majors such as Hyundai Motors, Samsung
Electronics, LG, etc., which have invested around $ 4.90
billion till December 2017 in India, have plans to expand
further.
•Actual Indian FDI led by Mahindra & Mahindra
(Ssangyong Motors), Aditya Birla Group (Novelis Ltd.) &
TATA (Tata Daewoo commercial vehicles) also is inching
close to $ 3 billion.
CHINA–SOUTH KOREA RELATIONS
Total trade between the two
nations surpassed US$300 billion
in 2014
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