World Economy

Nokia Shuts India Plant

Nokia Shuts India PlantNokia Shuts India Plant

Nokia, once an iconic mobile handset maker, is shutting down its India plant Saturday at Sriperumbudur near Chennai, a company spokesperson said. “As announced earlier (Oct 7), we are stopping handset production at our Chennai plant from Nov 1 in the absence of orders from our new parent firm (Microsoft), which terminated the mobile purchase agreement,” a Nokia India official told IANS (Indo-Asian News Service).