The new plant will help the company raise its capacity in a phased manner, from 68 million units at present, to 120 million.
The company also launched Make for the World' initiative, whereby it aims to export mobile handsets produced in India, to overseas markets.
Samsung India CEO HC Hong said: "Our Noida factory, the world's largest mobile factory, is a symbol of Samsung's strong commitment to India, and a shining example of the success of the Government's Make in India' programme. Samsung is a long-term partner of India.
The company is aligned with government policies and will continue to seek their support to achieve dream of making India a global export hub for mobile phones, he said.
A bigger manufacturing plant, spread over 129,000 sq metres, will help Samsung meet the growing demand for its innovative products and services across the country and also fulfil the company's goal of making India an export hub for the world, Samsung said in a statement.
Samsung has another manufacturing unit at Sriperumbudur, near Chennai, five R&D centres and one design centre in India.
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