 Nokia, the world leader in mobile communications, today announced that India
has become the second largest market for Nokia in terms of sales, going past the
United States in the quarter ended June 2007.
New Delhi, India - Over the last three years, India has been gaining significant
ground Year on Year moving from No 4 position in 2005 to No 3 position in 2006
and is today poised right behind China.
In another milestone, the company also announced that it has started exporting
to 58 countries from its Sriperumbudur, Chennai manufacturing plant. This is a
remarkable feat for Nokia's manufacturing plant in India and demonstrates the
operational efficiencies of the factory and conducive business environment provided
by the state and central government. Today, the factory has reached production
volumes of 60 million handsets (August 2007) and is exporting half of its production
to 58 countries across Middle East, Africa, Asia, Australia and New Zealand.
"India is playing an increasingly important role in the global economy buoyed
by impressive economic growth, skilled manpower and tremendous business opportunity.
As the market leader in devices and infrastructure, Nokia is committed to build
the telecom ecosystem in the country and foster the creation of a favorable environment
for collaboration and economic development," said Mr. Olli-Pekka Kallasvuo, President
and CEO of Nokia Corporation.
The factory currently employs 4700 people, 70 percent of which are women. 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.
"Today, India hosts a comprehensive Nokia R&D, Manufacturing and Design presence.
Moreover, we are also the country's leading provider of wireless infrastructure
through Nokia Siemens Network, the newly merged entity. This not only reiterates
our commitment and belief in the market but also underscores India's emergence
as a strategic resource hub for Nokia globally," said Mr. Kallasvuo.
Nokia Siemens Networks has recently announced its plans to invest USD 100 million
in India over the next three years as a part of its commitment to develop a strong
telecommunications environment in India. This is to better address and drive the
growth of Indian mobile industry and to better serve its customers. This investment
will include setting up a proposed telecommunication equipment manufacturing facility
in Tamil Nadu for wireless network equipment, new offices across various cities,
additional development of an existing R&D centre, and expanding the Global
Networks Solution Centre.
Nokia Corporation has recently introduced a new organizational structure under
which Nokia's current business group and horizontal group structure in the device
business will be replaced by three main units. The new organizational structure
will be effective from January 1, 2008. Devices, responsible for creating the
best device portfolio for the marketplace; Services & Software, reflecting
Nokia's strategic emphasis on growing its offering of consumer internet services
and enterprise solutions and software; and Markets, responsible for management
of Nokia's supply chains, sales channels and marketing activities. The move is
driven by Nokia's strategy to create an organization that would allow it leverage
opportunities that convergence and the internet industries present in the future.
About Nokia
Nokia is the world leader in mobility, driving the transformation and growth
of the converging Internet and communications industries. Nokia makes a wide range
of mobile devices and provides people with experiences in music, navigation, video,
television, imaging, games and business mobility through these devices. Nokia
also provides equipment, solutions and services for communications networks.
About Nokia Siemens Networks
Nokia Siemens Networks is a leading global enabler of communications services.
The company provides a complete, well-balanced product portfolio of mobile and
fixed network infrastructure solutions and addresses the growing demand for services
with 20,000 service professionals worldwide. Nokia Siemens Networks is one of
the largest telecommunications infrastructure companies with operations in 150
countries. The company is headquartered in Espoo, Finland. www.nokiasiemensnetworks.com
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