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Salcomp to revive defunct Nokia handset factory: Ravi Shankar Prasad

The Finnish company which is one of the leading suppliers to Apple, will begin next financial year. It will invest Rs 2,000 crore over the next five years. "Salcomp , the world's largest manufacturer and supplier of Apple has taken over the entire Nokia facility, it is going to start from March 2020," telecom and IT minister Ravi Shankar Prasad said.

ET Bureau|
Nov 25, 2019, 04.10 PM IST
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"India will have the most favourable regime to become a big centre for mobile manufacturing," Ravi Shankar Prasad said.
New Delhi: The world's largest mobile phone charger maker Salcomp will revive the defunct factory of Nokia, located in the special economic zone in Sriperumbudur near Chennai, telecom and IT minister Ravi Shankar Prasad said Monday.

The Finnish company which is one of the leading suppliers to Apple, will begin next financial year. It will invest Rs 2,000 crore over the next five years.

"Salcomp , the world's largest manufacturer and supplier of Apple has taken over the entire Nokia facility, it is going to start from March 2020," Prasad said.

"This big SEZ of Nokia which was closed for 10 years will now start again. 10, 000 will get direct jobs and 50,000 indirect jobs," Prasad added. He added 70% products will be exported including to China which lead to a lot of value addition.

The minister added that Apple has started manufacturing the iPhone XR, through contract manufacturer Foxconn in Chennai, which is now being sold in the Indian market.

"Welcome to Apple and expand your manufacturing in India," the minister said.

"India will have the most favourable regime to become a big centre for mobile manufacturing," he said.

While emphasizing on the results on the National Policy on Electronics which came into effect in February this year, the minister added that exports of mobile phones from India has risen from $200 million in 2017-18, to $1.6 bn in 2018-19. Exports this year 2019-20 will be $1.6 billion from mobile phones and $1.6 billion from electronic components.

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