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Nokia aims to manufacture more products in India 

Nokia, a Finnish telecoms equipment maker, said it is looking into cost-competitive manufacturing prospects in India to serve both the local and global markets. 

The company, which competes with Ericsson of Sweden, also stated that it is on pace to meet its production and investment commitments under the Production Linked Incentive (PLI) program.

“Nokia is on-track to fulfill our investment and production commitments under the PLI scheme and we look forward to continued partnership with the Department of Telecommunications (DoT) in expanding the telecom and government procurement market in India for the PLI certified companies… We are always exploring opportunities to expand our manufacturing and add newer products that could be cost-competitively manufactured in India to serve the Indian and global market,” a Nokia India spokesperson said in a statement on Wednesday.

According to the spokesperson, the PLI scheme is an encouraging government initiative to make India a worldwide manufacturing center and transform it into ‘AtmaNirbhar Bharat.’ 

Nokia’s Chennai factory began producing the Nokia AirScale massive-MIMO (ma-MIMO) solution in December 2020.

“Our Chennai factory is the largest active telecom equipment manufacturer and exporter in the country, making in India for India and the world for 100+ countries. We are particularly pleased to share that we are now also leading the way in cutting-edge 5G equipment manufacturing,” the spokesperson said.

Over the next four and a half years, 31 firms, including Nokia, have committed to invest Rs 3,345 crore. Nokia India, HFCL, Dixon Technologies, Flextronics, Foxconn, Coral Telecom, VVDN Technologies, Tejas Networks, Akashastha Technologies, and GS India are chosen for the PLI scheme.

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