By IANS
New Delhi : World’s leading cell phone maker Nokia Wednesday announced an investment of $75 million in its manufacturing plant based in Sriperumbudur near Chennai.
The Finnish giant, for which India is the second largest market after China, has so far invested about $210 million since January last year in the plant.
“The decision to make additional investment in the plant is a reflection of Nokia’s commitment to the Indian mobile communications industry and of the increasing demand for mobile devices from Asia, Middle East and Africa,” said Raimo Puntala, senior vice-president, operations and logistics, Nokia.
“Nokia will continuously strengthen its manufacturing network to drive greater agility within the business and increase its competitiveness,” Puntala added.
The Chennai plant has also turned out to be one of its major export hubs for the firm. It sends handsets manufactured here to countries across the Middle East and Africa, Asia, Australia and New Zealand, while 50 percent is sold within India.