"India is the most strategic market for Samsung. Smartphone or consumer electronics penetration is still not 100%. So that is going to be the number one priority-how do we reach out to consumers who still do not have a refrigerator or TV or washing machine. The mobile phone is almost penetrated at 85%, I believe, but it will evolve in a different direction where premiumisation will kick in, a mass of under-Rs 15,000 users will now migrate up to Rs 25,000, then Rs 40,000 price point."
Speaking to reporters Wednesday, Samsung South West Asia CEO, JB Park said India has changed digitally at a fast pace with the use of smartphones, adding that businesses will expand in the country in the coming years.
"The new devices were made possible because of world class R&D and manufacturing capabilities, especially in India. I am happy to announce that both the Galaxy Z Flip5 and Z Fold5 will be manufactured in our Noida factory in India," Samsung Southwest Asia CEO, JB Park said.
Samsung: "You have to think about the expanding population in India, and the proportion of people who are young, say below 30 years. You have to look at the penetration of each category, such as smartphones and refrigerators. If you look at India, in the next 20 years, the demand will not be soft, and businesses will expand," Park, who oversees India business, said.
avalanche, same home as sydney crosby. that s a major accomplishment. awesome. congrats to him. we have a lot of hockey fans on staff. so nb park. out on long island at the women s u.s. open, she wins. what she did here, three majors to start the season, there s four majors in the season. the first female ever to win all three majors to start the year. if she completes this, it is considered a grand slam. she will be the first to ever do it. she was fantastic all weekend. in the zone. she is not losing anything. she is on fire. she s a star in the making. i love it. like to think sometimes we get into the zone on fox report. we are. stick with golf. before the commercial, i said what happens if you re not getting along with your caddy.