India becomes second largest market for Nokia (India)India has become the second largest market for Nokia in terms of sales in the quarter ended June. Nokia has also started exporting to 58 countries from its Sriperumbudur, Chennai manufacturing plant. The factory has reached production volumes of 60 million handsets and is exporting half of its production to 58 countries across Middle East, Africa, Asia, Australia and New Zealand. Also, the Nokia Telecom Park has received an investment of USD 500 million with seven global component manufacturers likely to generate in excess of 30,000 jobs when fully functional. Nokia Siemens Networks has also recently announced its plans to invest USD 100 million in India over the next three years to develop a strong telecommunications environment in India. This investment will include setting up a proposed telecommunication equipment manufacturing facility in Tamil Nadu for mobile network equipment, new offices across various cities, additional development of an existing R&D centre and expanding the Global Networks Solution Centre.
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