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Espoo (pte016/06.04.2005/10:45) - Finnish mobile phone giant Nokia http://www.nokia.com has announced today that it will set up a manufacturing facility for mobile devices at Chennai in India. As the company reports today in a press release on its website, the manufacturing unit in Chennai will be Nokia's tenth mobile device production facility globally. According to Nokia, they are expecting 100-150 million dollars to be made in the India production plant. http://press.nokia.com/PR/200504/987787_5.html
"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 the availability of skilled labour, friendly business environment, support from the state government, good logistics connections and overall cost-efficiency," said Pekka Ala Pietila, Nokia's president.
The new facility in Chennai will be in the state of Tamil Nadu in the southern part of India. According to Nokia, the construction work at the site of the manufacturing unit will start in April and production will begin in the first half of 2006. The company will ramp up the factory gradually and the work force reaches approximately 2,000 employees when production is full scale.
Mobile penetration in the Asia Pacific region is expected to be a major contributor to the global mobile subscriber base surpassing the two billion mark by the end of 2005. Therefore, according to Nokia, India, which is set at the heart of the region where mobile communications is growing rapidly, was a natural location of choice for the new production facility.
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