Nokia is investing in its largest mobile phone production facility in Chennai.
The company is investing Rs 250 crore, to expand capacities at the Chennai plant as per the business requirements. The companies’ total cumulative investment in the Chennai plant will exceed $330 million (approx Rs 1,800 crore) after the latest funds infusion.
Nokia's plans to step up investments at the facility come on the heels of a recent global decision to shift core manufacturing lines to Asian factories where its major component vendors are based.