Nokia Siemens Networks to set up wireless network equipment plant in TN

Chennai: Nokia Siemens Networks has decided to set up a wireless network equipment manufacturing facility in Tamil Nadu. The proposed facility aims to address the strong market demand in India and will manufacture high-end equipment. Nokia Siemens Networks will also establish a network of suppliers with focus on increased localized sourcing.

The construction work will begin later this year and commercial production is expected to begin in 2008. In India, Nokia Siemens Networks is one of the largest telecommunications equipment vendors and a leader in managed services.

According to CEO Simon Beresford-Wylie, the company will be investing around $100 million over the next three years. The investment will be towards the new facility in Tamil Nadu and also towards setting up new offices across the country, research and development and expanding the global network solution centre.

Beresford-Wylie said 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.