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Motorola to invest $100 million in mobile plant based in India

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Old 07-15-06, 03:11 PM   #1
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Default Motorola to invest $100 million in mobile plant based in India

Motorola to invest $100 million in mobile plant based in India

World’s second largest maker of mobile phones Motorola has said that they would be investing as much as USD 100 million to build a cell phone and telecom equipment plant in India.

This would help them develop products locally to counter the popularity of rivals Nokia phones here in the Indian market.

This plant would be built near the south Indian city of Chennai and is expected to be operational by next year.

Nokia has already confirmed their plans to establish their own unit with an initial investment of USD 150 million.

Nokia is the dominating player in the Indian market with other players like Motorola, Samsung, LG and others struggling to keep up.
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