Nokia Siemens to set up new plant in TN

Chennai: Nokia Siemens Networks, a subsidiary of Nokia Siemens Networks B.V., Netherlands, plans to set up a Rs 300 crore manufacturing facility for telecommunication products near Chennai.

The company will set up the project at the Sipcot industrial estate at Oragadam about 50 km to the west of Chennai.

The unit will generate over 400 jobs directly and about 100 indirect jobs.

The company will invest Rs 300 crore over the next three years. It signed an agreement to this effect with the Tamil Nadu Government.

Along with units set up by Nokia, Motorola, Samsung, the Nokia Siemens Networks’ facility will reinforce Chennai’s position as a telecom equipment manufacturing hub, the release said.

Nokia Siemens Networks is one of the top three companies in communications services offering network infrastructure solutions and telecommunications equipment vendor.