Nokia to manufacture cell phones in India

Thursday, 02 December 2004, 20:30 IST
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NEW DELHI: Mobile communications major Nokia is planning to set up a manufacturing facility in India to better meet the growing demand for mobile phones, the company announced Wednesday. "India's position at the heart of a rapidly growing mobile communications region makes it an attractive option for establishing our new manufacturing facility," said Pekka Ala-Pietila, president of Nokia during a visit here. "The factory would be an integral part of our global manufacturing network and help fulfil growing demand as mobile communications become increasingly affordable and available to more people in this diverse region," Pietila said. The company is planning an investment of around $100-150 million along with its key suppliers over four years once the final investment decisions are made by the first quarter of next year. Nokia plans to ramp up production gradually and hopes to employ around 2,000 people in full production phase. The company has five production facilities globally while in India it has sales, marketing, customer care and research units.
Source: IANS
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