 "The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's headquarters in Tucheng, New Taipei. Photo: Reuters")
With the reported settlement of the tax dispute over the former manufacturing unit of Finnish telecom giant Nokia at Sriperumbudur, near here, the plant is expected to be back in the market for potential acquisition.
According to state government officials, Taiwanese contract electronic manufacturer Foxconn is the front runner for revival of the facility.
Media reports quoting government officials in Delhi state the governments of India and Finland have reached an accord on the tax dispute with Nokia under the Mutual Agreement Procedure (MAP), clearing the way for the sale of the Chennai plant. This involves a payment of Rs
