India has become the second largest market for Nokia in terms of sales, beating
the United States in the quarter ended June 2007, the world top mobile phone company
is also exporting to 58 countries from its manufacturing plant at Sriperumbudur,
near Chennai. Nokia shipped 60 million handsets from its Indian factory. Olli-Pekka
Kallasvuo, president and CEO of Nokia Corporation, expects demand to remain strong
as India''s user base surges.
the past three years, India has been gaining significant ground year-on-year moving
from No 4 position in 2005 to No 3 position in 2006 and is today poised right
is a remarkable feat for Nokia''s manufacturing plant in India and demonstrates
the operational efficiencies of the factory and conducive business environment
provided by the state and central government. Today, the factory has reached production
volumes of 60 million handsets (August 2007) and is exporting half of its production
to 58 countries across the Middle East, Africa, Asia, Australia and New Zealand,
is playing an increasingly important role in the global economy buoyed by impressive
economic growth, skilled manpower and tremendous business opportunity. As the
market leader in devices and infrastructure, Nokia is committed to build the telecom
ecosystem in the country and foster the creation of a favorable environment for
collaboration and economic development," said Kallasvuo.
factory currently employs 4,700 people, 70 per cent of which are women. The Nokia
Telecom Park has received an investment of $500 million with seven global component
manufacturers likely to generate in excess of 30,000 jobs when fully functional.
employs 9,000 people in India - up from 450 in 2004 - and would continue to invest
in India, Kallasvuo said, adding that production can be enhanced as demand grows.
India hosts a comprehensive Nokia R&D, Manufacturing and design presence.
Moreover, we are also the country''s leading provider of wireless infrastructure
through Nokia Siemens Network, the newly merged entity. This not only reiterates
our commitment and belief in the market but also underscores India''s emergence
as a strategic resource hub for Nokia globally," said Kallasvuo.
Siemens Networks has recently announced its plans to invest $100 million in India
over the next three years. This investment will include setting up a proposed
telecommunication equipment manufacturing facility in Tamil Nadu for wireless
network equipment, new offices across various cities, additional development of
an existing R&D centre, and expanding the Global Networks Solution Centre.
Siemens Networks, based in Espoo, Finland, is one of the largest telecommunications
infrastructure companies with operations in 150 countries.