PM Modi, South Korean President Moon Jae-in inaugurate Samsung Centre

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The new 35-acre Samsung Electronics facility is located at Sector 81 in Noida Uttar Pradesh

The facility is expected to help Samsung build more cheap phones to make gains in India, a market dominated by the likes of Xiaomi and Lenovo's Motorola unit.

The inauguration ceremony was also attended by Uttar Pradesh Chief Minister Yogi Adityanath and senior Samsung officials including Vice Chairman Jay Y Lee.

While Modi's flagship "Make in India" campaign is still a long way from delivering on ambitious job promises, the programme has had some success with the phased manufacturing of mobile devices and components. Out of 120 mobile factories, 50 are in Noida only. You have given employment to around 70,000 people directly, out of which around 5,000 are here in Noida. "The new plant will employ 1000 more people", he said.

"Now we need a turning point in our economic cooperation with India and Asean countries", Mr Kim said. The two leaders will also address the India-South Korea CEOs roundtable.

"Whenever I talk to business community representatives, I always mention one thing that I don't think there is a middle-class home in India where a Korean product is not found", he added.

A report in The Korea Times on Sunday said Moon's visit to India and later to Singapore are aimed at advancing his "New Southern Policy" with the two countries seen as key elements of the initiative to diversify Seoul's diplomatic and economic strategies. This is benefiting medium and small entrepreneurs. In this context, he also spoke of the Government e-Marketplace (GeM), growth of digital transactions, BHIM App, and RuPay cards.

The new plant - located in the industrial city of Noida - will help Samsung gradually double its current annual production capacity in India from 67 million phones to 120 million in the next three years. India has around 40 crore smartphone users and almost 32 crore people use broadband.

Thrust areas include Internet of Things (IOT), Artificial Intelligence (AI), Big Data, Smart Factory, 3D printing, electric vehicles, advance materials and affordable healthcare for the elderly and disabled. According to Counterpoint Research, Samsung's share in smartphone shipments rose marginally to 26.2 per cent during January-March this year, compared with 25.9 per cent same period last year.

The prime minister further said that steps have been taken to upgrade comprehensive economic partnership agreement between India and South Korea.

Thereafter, the South Korean President met his Indian counterpart Ram Nath Kovind and his wife Savita Kovind, Modi and other high-ranking officials.

A DMRC spokesman said the leaders boarded a Metro train at Mandi House station at around 4:36 pm and travelled up to Botanical Garden station on the Blue Line.

Moon, who was on his first visit to India since being elected president a year ago, sought an expansion of trade and economic ties with India.

"I feel proud as an Indian today". As CNBC reported back in January, Apple sells just 2.5 percent of its smartphones in India, with the major limiting factors being price combined with the fact Apple services including Maps and Siri simply don't work very well there.

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