 "Minister for Electronics and IT Ravi Shankar Prasad")
Information Technology Minister Ravi Shankar Prasad on Monday said Finland-based Salcomp, one of Apple’s major suppliers, agreed to buy Nokia’s Chennai plant for around $30 million (Rs 215 crore).
The unit will be re-opened nearly six years after Nokia’s plant shut down due to a tax dispute. The factory has been shut since 2014 after a dispute between the Finnish mobile handset maker and tax authorities. Salcomp is expected to begin operations at the plant by next year, and is likely to invest around $300 million over the next five years.
Nearly 10,000 people are likely to get jobs once
