Samsung is a multinational conglomerate that is majorly known in India for its smartphones. The company was founded in the year 1938 and has its headquarters located in South Korea. The company has the 8th highest global brand value as of 2020 and also has a number of affiliated businesses under the brand Samsung.
The company in a recent press release had announced that it is shifting its manufacturing unit for display production from China to Noida. Let’s look at the benefits for the company is shifting the manufacturing unit to India.
Samsung has announced that it has completed the shifting of its display manufacturing to Noida. The company had conveyed that it has finished the construction of the manufacturing unit in Noida. The new manufacturing unit that is based in Noida is the new manufacturing hub for display production.
How will Samsung Benefit by shifting Display Manufacturing Unit from China to Noida
The company has stated the reasons and benefits for moving the plant from China to Noida is the Industrial environment in India is much better than in China and also added that the policies in India are much more industrial friendly.
Other than these, one of the major points to be noted is that Samsung already has its biggest manufacturing plant in the world located in Noida. This facility is not only involved in the manufacturing the phones for the country but also exports them to other countries.
India is also a major country where Samsung has a huge consumer base. Samsung has seen a 52 % increase in the growth of the smartphones in India in the 2021 Q1. The company also has a 20 % market share in India. India is also focusing on the Make in India concept and trying to reduce as much as goods from China.
Smartphone Market Share Q3 2020
Samsung Delegation on shifting Display Manufacturing Unit
A team from Samsung which was led by the CEO Ken Kang and the company’s Southwest Asia President had called upon Yogi Adityanath who is the Chief Minister of Uttar Pradesh on 20 June 2021 and stated that the company had finished the construction of the Display production unit in Noida and would be shifting the manufacturing unit from China to Noida.
One of the reasons stated by them to shift the plant from Noida to China was the Industry friendly environment in India. The company further added that they were planning to make the manufacturing hub of Samsung in Noida.
Chief Minister of Uttar Pradesh on this move by Samsung
The Chief Minister of Uttar Pradesh Yogi Adityanath had conveyed in the meeting that the Make in India is a successful campaign and the Noida factory of Samsung is one of the major examples for it. He further added that the new manufacturing unit of Samsung will be creating a lot of employment opportunities for the youth of the country.
The Chief Minister also provided an assurance to the team from Samsung that the Government of Uttar Pradesh will continue to help and support the Samsung company in the future as well.
Conclusion
The team from Samsung had mentioned that the construction work shows their commitment towards India in order to make the country a manufacturing hub of Samsung. However, the company had already started the manufacturing of its smartphone displays in Noida from April 2021. The company had also recently expanded the portfolio of its Tablets in India with the release of Tab A7 Lite and Galaxy Tab S7 FE.
FAQ
Is Samsung phones manufactured in India?
Samsung has two factories – in Noida and Tamil Nadu, where it makes 90% of the handsets it sells in the country, it also has three R&D facilities in India.
Where is Samsung’s biggest manufacturing unit?
Samsung’s biggest mobile manufacturing plant in the world is in Noida which is a 35-acre facility.
Why does Samsung manufacture in India?
Samsung believes that Industrial environment in India is much better than in China and also added that the policies in India are much more industrial friendly.
For citizens, manufacturing has always been a profitable sector. It needs rational investment in the beginning, but once it is developed and founded, it earns a steady income. However, the option of a successful production concept is vital to the company’s performance. There are different business concepts in manufacturing worldwide where you can begin. In this article, we’d offer some top and best ideas for manufacturing companies that can start with low investment and generate high profits.
The recognition of style has led to high demand for clothing. Also, the demand never ends. Manufacturing is very productive. The price can start as low as 1 lakh and go to numerous different crores. This is one of the smartest startups with low investment and large profits.
Oil is used as cooking’s key value. It is also used to make shower soaps, humidifiers, and hair-cleansing products, hair-tonics, detergents, etc. Oils even have a good purpose in medicines. This business should be initiated in an area in which the raw material is easily obtained.
The honey manufacturing business is linked to bee harvesting. It is one of the easiest manufacturing businesses to start with at a low cost. Because of its cure properties, honey is in great demand. The required investment is Rs.25,000. This is considered a good investment a company can do under 1 lakh.
4. Notebooks, Textbooks, Paper Manufacturing
Paper is used in all industries. High investment is not required for the manufacturing of paper. The required investment is 1 to 2 lakh based on paper size, volume, and quality, machinery, and space required. Education these days is becoming expensive. That could therefore turn out to be India’s most profitable startup.
5. Manufacturing Smart Phone Accessories
Manufacturing Smart Phone Accessories
Everyone uses smartphones. Their sales in past months have significantly improved and the market for their accessories has increased. Different accessories are used to decorate and secure the smartphone. This is a smart strategy with significant opportunities for progress. The investment varies between INR 50,000 and 2 lakh.
During festival seasons, beautiful candles with a nice scent are always demanded, making this a very good idea for home-based businesses. There is not much space needed in this sector. The startup can be set up with a single room location. Just Rs. 25,000 to 50,000 is the cost for Wax, perfume, molds, dye, etc. are raw materials.
7. Manufacturing Disposable Plastic Cutlery
Manufacturing disposable plastic cutlery
Disposable plates, glasses, and cups are gaining in business fields because of their disability. The organization will start with basic machinery and very low investment. Small production machines can be needed for this. This may be one of two Lakhs best production firms.
8. Natural Beauty Products Manufacturing Unit
Manufacturing Beauty Products
There has lately been a major rise in the market for natural and herbal beauty products. People like their skin to be chemical-free and herbal. The goods must be herbal and their consistency is outstanding without the use of toxic chemicals. You will create a good client base and gain big profits in a short period.
The need for exercise books will never be reduced because this is the first basic research necessity. The creation of rough books is very easy and takes little machinery. It is generally used by students at schools, in offices, etc.
10. Manufacturing Agricultural Fertilizers
manufacturing agricultural fertilizer
India is primarily a nation focused on agriculture. Farmers need large-scale fertilizers to boost productivity and protect their crops from pests. You can start with the fertilizer manufacturing unit if you have strong knowledge of chemicals and fertilizers. This organization has tremendous potential for expansion.
“Starting and growing a business is as much about the innovation, drive and determination of the people who do it as it is about the product they sell” — Elon Musk.
” If you don’t find a way to make money while you sleep, then you will work until you die” — Warren Buffet “
Successful people don’t just become successful over night, what most people see as glance wealth, a great career. But all these success is as a result of hard work, strong purpose and hustle over time. Now is the time to start working more, only focusing on the most important things, and making much better products.
FAQ’s
What is the best manufacturing business to start?
This is the list of some profitable manufacturing startup ideas that you can start with low investment.
List of Best and Most Profitable Manufacturing Business Ideas in India
Furniture Business – Low-cost manufacturing business idea.
Garment Manufacturing unit.
Producing leather-related items Business.
Manufacturing of school/office stationery items – Low-cost manufacturing business.
Automobile Parts manufacturing – High profits manufacturing business.
What is the easiest thing to manufacture?
This is the list of some of the easiest manufacturing startup ideas are-
carpentry. Take a piece of wood and just give it any nice shape.
soap
ceramic and pottery
perfumes
fireworks
simple flutes and simple instruments. (for example for little kids)
glue
mop
What are the requirements in starting a manufacturing business?
Below are some of the most important factors you should consider before starting a manufacturing business.
Demand for your product.
Setup costs.
Competition from other manufacturers.
Previous experience, knowledge, and qualifications.
Finance available and finance options.
Business location.
Rules and regulations.
What business can I start with INR 10000?
Here is a List of Businesses You Can Start Within 10000 Rupees
Travel Agency.
Start a blog.
Mobile Repair Shop.
Mobile Recharge Reseller.
Candle Making.
Food Stall.
Affiliate Marketing.
Tuition.
Conclusion
Any business that uses components, parts or raw materials to make a finished good is a good business and termed as manufacturing business. After manufacturing ,these manufactured goods can be sold directly to consumers or to other manufacturing businesses that use them for making a different product. You can also start a B2B manufacturing business and help other businesses to grow.
There are a variety of exciting manufacturing startup ideas you can start with if you have the financial capital. Pay heed to the roots of research startups, tax planning and legal and fiscal guidance. Then proceed with open eyes and high expectations.
The make in India campaign focuses on sectors like oil and gas, railways, electronic systems,ports and shipping, renewable energy, roads and highways. Space, textile and garments, thermal power, tourism and hospitality and wellness.
Mr. Narendra Modi, Prime Minister of India, said
“I want to tell the people of the whole world: Come, make in India. Come and manufacture in India. Go and sell in any country of the world, but manufacture here. We have skill, talent, discipline and the desire to do something. We want to give the world an opportunity that come make in India,”
PROS of Make in India Campaign
Campaign for the masses
The Prime Minister emphasized on the development of labour intensive manufacturing sector. This campaign is to generate a lot of employment opportunities in Manufacturing.This would help National Manufacturing Policy in achieving objectives through this campaign. The aim is to increase the GDP from current 15-16% to 25% till 2022. (Manufacturing sector)
The purchasing power of people will get increased through employment. This will help to eradicate poverty. This would also help in the expansion of consumer base for companies.
Growth of Factories over the Years
Model of the Make In India campaign
The model of the campaign is look east and link west policy . This will strengthen the industrial linkages with other countries. This would also help to build bilateral ties with many countries.The growth model is Export-Oriented. This will improve India’s Balance of Payments. This would also help in piling up foreign exchange reserves.
An auto response mechanism will be formulated by the government. The Government also has decided to resolve issues about procedural clearings. This will be done at different levels in a given time frame. This is a positive step towards an industrial friendly environment.
Foreign investment will not only bring foreign capital. It will also bring technical expertise and creative skills .
Fortifying the Rupee
The emergence of the manufacturing industries would help in converting India. The nation would then will be a hub. A place for the fabrication of various commercial products. This would lead to be a grand collection of the FDI. All this in return would help to strengthen the rupee. This would help against the domination of the American dollar.
Up-gradation of technology
India is an underdeveloped country. This means that we lack various latest, new age mechanization. Lack of new technology is a big hurdle in the path to development of the nation. But due to the campaign a lot of investors would be attracted to India. This would give India an opportunity to upgrade to the latest version of technology.
Availability of Youth
The young generation is often referred to as a unending fuel. Youth comprises of a major Indian population . This youth often moves outside the nation to study and make a future. India due to the lack of young labor misses out on all the innovative and creative points. Make in India can make this possible by keeping the youth in the nation. This would also give them ample opportunities.
When it comes to a theoretical perspective. It can be seen that the campaign tends to violate the theory of comparative advantage. India should import the products that cost more at production in state .
Is the world ready for a second China? This goes as per the point made by Dr. Raghuram Rajan. Government of India wishes to convert India into a second China. India but has no time advantage like China.
India to stop imports?
Make in India will lead India to focus only on export. This will lead India to make some changes in it’s export promotion measures. This can have a devastating effect on the import bill.India suffers from a countless number of companies that are called infrastructural bottleneck. To overcome this India has to invest a huge amount over a span of some years. Generating such a big amount is a a hard task.
Agricultural negligence
Agricultural sector will take the greatest blow due to this campaign. India has 61% cultivable land. This will happen due to the introduction of industrial sector. This introduction would lead to the negligence of Agriculture.
The Make in India campaign focuses on Manufacturing Industries. To set up these a lot of industries have to be build up. The manufacture of these requires a lot of natural resources be it fuel, water land. So a lot of new build ups would cause in depletion of these.
Loss of Small businesses
The Make in India welcomes foreign companies. To invest and manufacture in India. This act eases up the rules for foreign trade and investment. This act may seem very healthy when it comes to foreign relations. But this would cause domination over small businesses . This would force them out of business.
Recognition of Indian Products
The make in India campaign would help increase the brand value of Indian products. But this wont help the brand when it would come to the upper middle class. The upper middle class are the people who can actually afford all this. So making a mark in front of them would be a great task.
Make In India
Pollution
India is currently unable to do anything with the problems like Pollution. According to stats Pollution Index of India is 76.50. The Make in India is supposed to increase this further. The level of Pollution in India would rise to levels never seen. This would make the condition in India worse. So, Make in India can help India economically. But would have adverse effects ecologically.
Pooja Uniyal
