Foxconn submits plans to revive Nokia plant in Chennai, India

One of the biggest mobile phone manufacturing plants in the world was in Chennai, India. Due to issues on retrospective tax laws amendments (to the tune of a ridiculous 3,360,000,000 USD – half the price of the whole Nokia devices and services that Nokia was sold for to Microsoft), Nokia was forced to shut down that plant.. As you know, that also resulted in 15,000 job losses.

There’s reports from business-standard that the world’s largest contract manufacturer, Foxconn, has submitted plans to take over the plant in Chennai. Foxconn’s subsidiary FIH mobile will be responsible for the creation of the new Nokia branded handsets. It’s unlikely it’ll be the ones producing the first wave of Nokia Android smartphones (those are probably in production already somewhere else for a February MWC announcement), but eventually should it reopen, that could be a possibility, as well as feature phones and possibly other non-Nokia devices. The main aim from previous reports in October was for making mobile phones and telecom network equipment.

Source: Business Standard

Category: Nokia