The Hindu Business Line : Nokia's global investors meet to focus on India

FINNISH major Nokia is bringing investors, analysts, bankers and researchers from across the globe to India on August 25 for a "Focus on India" meeting.

This is the first time that the company will be holding such a meeting in India which will also see presentations from Nokia top management including networks business group head Mr Simon Beresford-Wylie.

Nokia had recently held its board meeting in New Delhi in a bid to highlight the importance of India as a major telecom market.

The first-ever mobile call in the country was made using a Nokia phone on a Nokia-deployed cellular network.

"India is already amongst the top five telecom markets in the world and is set to reach the third position in the next few years. This exponential growth will require large-scale investments. Keeping this in mind, Nokia decided to host its investor event in India. The event will showcase India as an investment destination and provide the global investor community an opportunity to interact with senior representatives of Indian telecom industry," said Mr Simon Beresford-Wylie, EVP & GM, Nokia Networks.

"This year also marks a decade of mobile telephony in India, a decade in which Nokia has been a proud partner and key enabler of the local industry. The Nokia investor event commemorates this milestone and reinforces our long-standing commitment to the local market to drive growth," said a press release.

Nokia's operations in India include networks and terminals sales divisions, three R&D facilities and an upcoming manufacturing facility in Chennai that will produce both terminals and GSM infrastructure equipment.

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