Business Daily from THE HINDU group of publications
Tuesday, Jul 03, 2007
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Business Daily from THE HINDU group of publications Tuesday, Jul 03, 2007 ePaper |
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Info-Tech
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Telecommunications Nokia Siemens to invest $100 m in India
Nokia Siemens will develop existing R&D centre and expand Global Networks Solution Centre. The company will set up network of supplies with focus on increased localised sourcing.
Our Bureau New Delhi, July 2 Nokia Siemens Networks on Monday announced its plans to invest $100 million in India over the next three years as a part of its plans to expand its presence in the country. This is the first India-specific investment announced after Nokia and Siemens merged their global telecom equipment businesses. This is in addition to the investments announced by Nokia for manufacturing mobile handsets and base stations in Chennai. Once the new Nokia Siemens unit is set up, the base station manufacturing being done by Nokia will be merged with the new plant. The new plant, to be set up in Chennai, will also expand the product portfolio to include the entire gamut of GSM-based mobile network, including radio access and microwave equipment. New offices
The investment will also include setting up new offices across various cities, additional development of an existing R&D centre, and expanding the Global Networks Solution Centre. The investment plans were announced by Mr Simon Beresford-Wylie, CEO, Nokia Siemens Networks, on the first day of his three day visit to India. This is his first visit to the country as head of the newly formed company. “The Indian telecommunications market is entering a next wave of growth; one that will see a rapid build out of mobile and broadband networks outside the major cities and delivery of a host of new services to consumers across the country. To address this growing local demand, and reduce the overall time to market of products and services to our operator customers, we are investing in strengthening our local presence and creating a strong ecosystem in India,” said Mr Beresford-Wylie. He is expected to meet the Communications and IT Minister, Mr A. Raja, on Tuesday. Suppliers network
Nokia Siemens Networks will also establish a network of suppliers with focus on increased localised sourcing. The construction work at the site will begin later this year and commercial production is expected to begin in 2008. “Nokia Siemens Networks has experienced strong business success since the launch of its operations in India,” said Mr Ashish Chowdhary, Head of India Sub-region, Nokia Siemens Networks. “With our extensive managed services capability and end-to-end product portfolio, we are committed to building a strong local telecommunication ecosystem in India to address and drive the growth of the Indian mobile industry.”
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