"I am committed to raise relations with India to the level of those with our four major powers around the Korean peninsula", Moon said, adding that this commitment was embodied in his new southern policy outlined previous year.
South Korean President Moon Jae-in, who is visiting India for the first time along with PM Modi will jointly inaugurate this factory.
The PM added the number of manufacturing factories in mobiles had gone up to 120 from just two since 2014. "If our two countries can pool our efforts to succeed in lunar exploration, we will bring much hopes and dreams to our people", he said.
Samsung witnessed 27 per cent growth in revenues from India in the financial year 2016-17 and if the progress continues, it might also start producing flagship products in television and refrigerator category.
China delays retaliatory tariffs, won't fire 'first shot' in potential trade war
A Chinese ministry spokesman said the " US is shooting itself in the foot and hurting the world " with its tariff hikes. Donald Trump's trade war could potentially drag in products from other American trade partners, undermining relations.
Samsung relinquishes top-selling smartphone spot to Apple for May 2018
During its recent earnings report , Samsung revealed that it has made around $13.2 billion in operating profit from a gross revenue of $51.8 billion.
Apple Will Ship 90 Million 2018 iPhone Lineup Units Believes Analyst
Out of the three new iPhones for the year, two will jointly take the crown for users attention. In order to get the LCD handset to that price level, the company is obviously eschewing OLED.
"We invite trusted global brands like Samsung to be a part of the new Indian business culture", Modi said.
Samsung is without a doubt the biggest name in the Android world, and so if you are considering purchasing a new phone, logic dictates you may be looking to pick up a phone made by the ... Over the weekend, Samsung opened the world's largest mobile phone factory on the outskirts of Delhi, via Bloomberg.
In June 2017, Samsung had announced an investment of ₹4,915 crore to add capacity at the Noida plant, under the Uttar Pradesh government's Mega Policy.
This is Moon's first-ever state visit to India after he took over as the President past year.
India is a country with a population of 1.3 billion people, and yet there are only 425 million smartphone users.