India sees $900 M investment in telecom manufacturing

India sees $900 M investment in telecom manufacturing

By agencies   |   Wednesday, 23 February 2005, 08:00 Hrs
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NEW DELHI:India is hopeful of attracting about $900 million investment from global telecom majors to set up manufacturing facilities in the country.

"We are expecting that investments from these players would range between $800 million and $900 million during 2005-06 as they have announced their plans to start manufacturing facilities in India," Communication and IT Minister Dayanidhi Maran said.

Speaking about his visit to Cannes for the International GSM conference, where he had talks with companies like Nokia, Alcatel, Motorola and Ericsson, Maran said French telecom major Alcatel would also set up a manufacturing plant in collaboration with its existing ITI.

Nokia has already announced its plans top set up mobile devices manufacturing facility in the country.

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