Nokia Expands Into India
Nokia will set up a manufacturing facility for mobile devices at Chennai in India. The manufacturing unit in Chennai will be Nokia's tenth mobile device production facility globally. The company says it expects to invest an estimated 100 to 150 million (USD) in the India-based production plant.
"Establishing a new factory in India is an important step in the continuous development of our global manufacturing network. We selected Chennai to be the location for the factory thanks to the availability of skilled labor, friendly business environment, support from the state government, good logistics connections and overall cost-efficiency," explains Pekka Ala-Pietilä, Nokia's president.
According to the company, the construction work at the site will start this month and production is expected to begin in the first half of 2006. Nokia foresees ramping up the factory gradually and the work force reaching approximately 2,000 employees when production is full scale.