Nokia to invest $75 mn more in India

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Posted: Wednesday, Dec 05, 2007 at 0000 hrs IST
Updated: Wednesday, Dec 05, 2007 at 1655 hrs IST

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Chennai, December 5:: Mobile handset manufacturer Nokia would invest USD 75 million more at its Sriperumbudur plant for capacity expansion, taking the total investment in its Indian operations to USD 285 million by 2008, a top company official said on Wednesday.

"The company has already invested USD 210 million in the country against a commitment of USD 150 million and USD 75 million more is being invested in its Sriperumbudur plant," Nokia India Director (Operations) Sachin Saxena told a press conference in Chennai.

The Sriperumbudur plant has already manufactured 60 million handsets in a record 20 months since it commenced production in January 2006. Half of its production at the Sriperumbudur plant is being exported to over 58 countries.

The new investment would also help in increasing the product profile of the plant.

The Sriperumbudur plant mainly concentrates on low-cost sets for which there is a growing market in India, he said.

The Indian plant has become the fastest growing Nokia factory in the world, he said, attributing the rapid growth to low-cost and highly skilled personnel.

Of the 6,000 employees of the plant, 70 per cent are women.

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Comments

» plz give me a job

Posted by vasu saxena on 2008-07-21 22:15:03.756527+05:30
sir im 18 year boy. Im 12th failed . My interest in only mobiles if any job so plz. Sir i can do any thing but i can't do study study. Plz give a job for my future

Reply Forward

» job openings.

Posted by Sangeeta on 2008-07-08 17:17:52.319943+05:30
Respected sir/madam, Im an electronics and communication student and also a fresher 2008 passes out.I would like to know whether Nokia is having any openings.Waiting for your reply.Thanks in advance.

Reply Forward

» job openings.

Posted by Sangeeta on 2008-07-08 17:17:50.093674+05:30
Respected sir/madam, Im an electronics and communication student and also a fresher 2008 passes out.I would like to know whether Nokia is having any openings.Waiting for your reply.Thanks in advance.

Reply Forward

» job openings.

Posted by Sangeeta on 2008-07-08 17:17:47.837369+05:30
Respected sir/madam, Im an electronics and communication student and also a fresher 2008 passes out.I would like to know whether Nokia is having any openings.Waiting for your reply.Thanks in advance.

Reply Forward