On Monday, Samsung Electronics, the South Korean electronics manufacturer, held the official opening ceremony of the world's largest factory for the production of mobile phones in India. The plant can produce up to 120 million smartphones per year, including both budget models cheaper than $100 and the flagship smartphone Samsung S9. As noted by Bloomberg Intelligence, smartphones worth up to $250 are the most popular in India. According to IDC, the highest growth rates among the world's 20 major markets in 2017 were recorded in the Indian smartphone market. Last year, India took the second place in the world after China, ahead of the US, in terms of smartphone sales, which grew 14% year-on-year to 124 million units.