Nokia for expansion of Chennai plant
New
Delhi,
Dec
5:
Finland-based
Nokia
today
said
it
will
invest
75
million
dollars
into
the
capacity
expansion
of
its
Chennai
manufacturing
plant
by
next
year
to
cater
to
the
burgeoning
demand
of
the
Indian
and
other
emerging
markets.
Apart from this investment, the world's biggest maker of mobile phones has so far invested cumulatively invested 210 million dollars in its Chennai plant which employs about 6,000 people.
Currently, about 50 per cent of the production from the plant, started in January last year, is consumed domestically and the rest is exported to countries across the West Asia, Africa, Asia, Australia and New Zealand.
''The decision to make additional investment in the plant is a reflection of Nokia's commitment to the Indian mobile communications industry and of the increasing demand for mobile devices from Asia, the West Asia and Africa,'' said Mr Raimo Puntala, Senior Vice President, Operations and Logistics, Nokia.
He added that Nokia will continuously strengthen its manufacturing network to drive greater agility within the business and increase its competitiveness.
UNI