Samsung opens world’s largest phone factory in India

India's Prime Minister Narendra Modi and South Korea's President Moon Jae-in take a tour inside the Samsung Electronics smartphone manufacturing facility after it's inauguration in Noida, India, July 9, 2018. India's Press Information Bureau/Handout via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY. NO RESALES. NO ARCHIVE

MUMBAI: Samsung Electronics has formally opened a new factory in India, which the South Korean tech group says is the world's biggest mobile phone manufacturing plant, part of its plans to expand production in the world's fastest growing major mobile phone market.

The factory in Noida, on the outskirts of New Delhi, will allow Samsung to make phones at a lower cost due to its scale at a time when other phone making hubs such as China are getting more expensive, analysts tracking the sector said.