Sunday, 2 November 2014

Nokia Will Not Make Mobile Phones in India Anymore

Posted by M2Software Solutions Solutions Pvt. Ltd | 22:04 Categories: , ,
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mobile application development in indore

Once an iconic handset maker "Nokia" is shutting down its india plant on Saturday at Sriperumbudur near Chennai, a company spokesperson said on Friday.

As  announced earlier on 7 oct. We are stopping production of handset at our channai plant from 1 nov. in the absence of orders from microsoft (New parent firm of nokia). which terminated the mobile purchase agreement, "A Nokia india official told IANS (India's largest independent news service)".

"We can confirm that constructive discussions with union representatives and the labour commissioner have resulted in an agreement on a financial package for Chennai factory personnel," the spokesperson said in a statement a day after a tripartite meeting here between company officials, union members and the top labour officer.

Microsoft acquired the Finland-based Nokia's global devices and services business (Including assets in india for $7.2 billion), Decided to suspend manufacturing handsets from its chennai plant  though it could not take possession of it due to legal battles over a tax notice from the Tamil Nadu government and the Supreme Court in March.

"The asset freeze by the state tax department has prevented us from transferring the factory to any other mobile handset maker despite having a fully functional electronics manufacturing system," the official said.

Once a dominant player in the burgeoning mobile phones segment across India, with over 80 percent market share, Nokia lost out to rivals like Samsung, apple, sony and panasonic  in the next-generation handsets, popularly known as smart-phones over the last couple of years. 

Regards : Mobile Application Development In Indore

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