The facility was jointly inaugurated by Prime Minister Modi and the visiting South Korean President Moon Jae-in, underlining the significance attached to the project.
Bilateral relations between India and South Korea, officially known as the Republic of Korea, were established in 1962 and upgraded to Ambassador-level in 1973. "Whenever I talk to business community representatives, I always encourage them to manufacture in India".
PM at the launch also pointed it out that Samsung has provided employment to almost 70,000 people, and the new plant will provide jobs to 1000 more.
The firm said it has been manufacturing mobile phones in India since 2007, and has also been populating Printed Circuit Boards (PCBs) since its inception, in line with the Centre's phased manufacturing programme.
Samsung India also announced its new "Make for the World" initiative, with an aim to export smartphones produced in India.
In order to boost people-to-people relations and travel between the two countries, India extended the visa-on-arrival (VoA) facility for South Korean tourists in April 2014.
"'GeM' means Government e-Market, through this, Govt is now directly buying from producers". Transactions worth Rs 410 bn have been done through BHIM app in June alone. In this context, he also spoke of the Government e-Marketplace (GeM), growth of digital transactions, BHIM App, and RuPay cards.
According to a statement from Samsung, the factory will help almost double its output of mobile devices in India from 68 million units a year to a whopping 120 million units a year.
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. "This [plant] is a big step in the direction of making India a hub of world manufacturing".
The PM added the number of manufacturing factories in mobiles had gone up to 120 from just two since 2014.
Moon, who arrived in India on Sunday on his first state visit to India, was accorded a ceremonial welcome at the Rashtrapati Bhavan by President Ram Nath Kovind and the prime minister on Tuesday morning.
Samsung started doing business in India in 1995 and began mass producing TVs at the Noida factory in the following year. The two leaders had also travelled in the Delhi Metro to Noida while heading for the inauguration of the Samsung facility. After paying homage, President Moon signed the visitor's book and was presented with a bust of Mahatma Gandhi.
"I feel proud as an Indian today".
Samsung said it has invested around Rs 5,000 crore to increase the capacity at the manufacturing plant, where it will fabricate devices ranging from low-end smartphones that cost under $100 to the company's flagship S9 model.