Nokia to Shut Down Its Plant in India


(MENAFN- QNA) Nokia Tuesday said that it will be suspending manufacturing of all its devices at the Indian state of Chennai plant from November 1, Times of India reported.

"In absence of further orders from Microsoft, Nokia will suspend handset production at the Sriperumbudur facility from 1st November," Nokia said in a statement.

In September 2013, Nokia announced it would sell its devices and services (D&S) business, including assets in India, to Microsoft for $7.2 billion by March 2014.

The deal was completed on April 25 but Chennai facility could not be transferred to Microsoft because of legal issues related to tax demand by Indian government.

Nokia started manufacturing in Chennai in January 2006 and exported to markets including in the Middle East and Africa, Asia, Australia and New Zealand from there.


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