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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).

 

Financialtribune.com