Nokia, the global leader in mobile handsets, mobile email
and network security, today announced that it will set
up its mobile devices manufacturing facility for mobile
devices at Chennai. The manufacturing unit in Chennai
will be Nokia's tenth mobile device production facility
globally. Nokia anticipates investing an estimated $100
to $150 million in the Chennai production plant.
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 because of
the availability of skilled labour, friendly business
environment, support from the state government, good logistics
connections and overall cost-efficiency," said Pekka
Ala-Pietilä, president, Nokia.
construction work at the Nokia factory site will start
in April and production is expected 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.
penetration in Asia Pacific is expected to be a major
contributor to the global mobile subscriber base surpassing
the two-billion mark by the end of 2005.
India, Nokia has emerged the market leader in mobile devices
and was recently recognised as the Brand of the year by
the Confederation of Indian Industry (CII) as well as
the most respected consumer durables company by the BusinessWorld