Entries with tag indian manufacturing.

Nokia Retains Controversial Indian Manufacturing Facility

Nokia will retain its Indian mobile phone handset plant to make sure the sale of its global handset business to Microsoft will complete as scheduled. Nokia will now operate the factory as a contract manufacturing unit for Microsoft. The Chennai plant has been the target of an ongoing tax dispute with Indian authorities, which ordered Nokia to deposit $368 million into an escrow account pending the outcome of a trial. (Reuters)(Economic Times)(Bloomberg)

Showing 1 result.