Nokia Siemens to invest $100 million in India

Cybermedia News

New Delhi:  Nokia Siemens Networks has announced its plans to invest
$100 million in India over the next three years as a part of its commitment to
develop a strong telecommunications environment in India.

This investment will include setting up a proposed telecommunication
equipment manufacturing facility in Tamil Nadu for wireless network equipment,
new offices across various cities, additional development of an existing R&D
centre, and expanding the Global Networks Solution Centre.

The investment plans were announced by Simon Beresford-Wylie, CEO, Nokia
Siemens Networks on the first day of his three day visit to India.

This is his first visit to the country as head of the newly formed company. Said
Beresford-Wylie, "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."

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 at the site will begin later this year and commercial
production is expected to begin in 2008.

"Nokia Siemens Networks has experienced strong business success since
the launch of its operations in India," said Ashish Chowdhary, Head of
India Sub-region, Nokia Siemens Networks. "With our extensive managed
services capability and end to end product portfolio, we are committed to
building a strong local telecommunication ecosystem in India to address and
drive the growth of the Indian mobile industry."

In India, Nokia Siemens Networks is the largest telecommunications equipment
vendor as reported by Voice & Data Top 100 Survey and the leader in managed
services.