Nokia to Build Plant in India

Nokia who is based in Finland, has decided to build a manufacturing plant for mobile devices at Chennai in southern India costing $100 to 150 million.

“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 theavailability of skilled labor, friendly business environment, support from the state government, good logistics connections and overall cost-efficiency,” said Pekka Ala-Pietilä, President, Nokia.  Nokia’s new facility in Chennai is in the state of Tamil Nadu in the southern part of India. The construction work at the site of the manufacturing unit will start in April and production isexpected 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.