Thursday, 5 July 2007

Nokia Siemens to Make Telecom Equipment in India

Global telecom equipment maker Nokia Siemens Networks announced plans to invest USD 100 million in India over the next three years to set up a high-end wireless products manufacturing facility in Tamil Nadu, among other initiatives...

Global telecom equipment maker Nokia Siemens Networks announced plans to invest USD 100 million in India over the next three years to set up a high-end wireless products manufacturing facility in Tamil Nadu, among other initiatives...

The proposed facility aims to address the strong market demand in India and will manufacture high-end equipment.

Nokia Siemens Networks will also establish a network of suppliers with focus on increased localised sourcing. The construction work at the site will begin later this year and commercial production is expected to begin in 2008.

The investment will also go towards development of an existing research and development centre and expanding the global networks solution centre, a statement said quoting Nokia Siemens Networks CEO Simon Beresford-Wylie, who is on his first visit to the country as head of the newly formed company.

Most telecom companies have resorted to manufacturing in India as it is not just cost efficient but also because BSNL, the top government owned telecom operator insists on products being manufactured in India if an vendor is selected to supply equipment.

Besides it makes sense to make telecom equipment in India as the telecoms market is booming here and with massive demand across the country, importing is just not viable.