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Last Updated: Wednesday, 1 December, 2004, 11:20 GMT
Nokia to make handsets in India
Nokia mobile phone
Nokia is battling to get its global market share back above 30%
Nokia, the world's biggest mobile phone manufacturer, is to start making handsets in India.

The company said it was investing in India in order to meet rising demand for its products in the country.

The Finnish firm said it expected to employ up to 2,000 workers and would invest $100m-150m (52m-78m), along with its suppliers, over four years.

The handset plant will be Nokia's 10th worldwide and its third in Asia after China and South Korea.

Nokia is battling to get its global market share back above 30%, having lost out in the past year to competition from Samsung, LG and Sony Ericsson.

In mid-2003, Nokia had 36% of the market, according to analysts Gartner.


SEE ALSO:
Sony Ericsson sees profits triple
14 Oct 04 |  Business
Nokia sees rise in handset sales
09 Sep 04 |  Business
Mobile gaming takes off in India
27 Nov 04 |  Technology


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