Nokia’s 10th Manufacturing Plant in Chennai

Business Standard: Finally, Finnish mobile handset maker Nokia has opted to set up a manufacturing plant in Chennai, the southern Indian metropolis. The investment is expected to be around $150 million, and the construction work for the plant will start this month. The production is likely to begin in the first half of 2006 and will churn out both GSM and CDMA handsets. The Chennai unit will be Nokia’s tenth mobile device production facility globally. This will be a feather in India’s cap as it’s competing with other Asian destinations like China for attracting investment in manufacturing.

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