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Nokia suppliers to set up operations in India

Posted: 17 Mar 2006 ?? ?Print Version ?Bookmark and Share

Keywords:K.C. Krishnadas? Nokia? Aspocomp? Perlos?

As many as ten suppliers to Nokia Corp. will establish operations near the southern Indian city of Chennai, where a Nokia manufacturing facility was inaugurated on March 11.

While between eight to ten Nokia suppliers will set up operations at the Nokia Telecom Industry Park, Aspocomp Group and Perlos Corp. have already committed investments of $70 million and $12 million, respectively. Aspocomp is reportedly set to expand its PCB manufacturing facility.

Nokia will manufacture both wireless handsets and network infrastructure equipment at its $150 million factory. "We estimate that India will become the world's second biggest mobile device market when measured by volumes in the year 2010," said Nokia chairman and CEO Jorma Ollila.

- K.C. Krishnadas
EE Times

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