Nokia Raises Tax Issue With Commerce Minister Anand Sharma; Will Stay In India


US software giant Microsoft last week agreed to acquire a major part of Nokia's devices and services business and license its patents for about USD 7.2 billion. Nokia will keep its telecom network equipment arm NSN, mapping and location services, its CTO office and its patent portfolio.

Elop said he was in Chennai with the Nokia factory team earlier today and was meeting the team in New Delhi as well.

"As you know that there are changes under way at Nokia that we are very excited about. What we are talking about here today is our continued commitment to all the work that we are doing in India," Elop said.

Nokia had written a letter to the Commerce Ministry in June, threatening to exit from India following the non-refund of value added tax by the Tamil Nadu government and the 2,080 crore tax dispute.

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Source: PTI