Lava currently in talks to buy Nokia’s abandoned Chennai plant?
After Nokia Finland agreed to close down it’s manufacturing plant in Chennia, India, people who visited there will tell the story of a place which is now a shadow of itself.
Bubbling with life with over 5,000 workers coming and going between work shifts every morning, Nokia’s Chennai address was the ultimate model a factory can look up to. However, all that came to an abrupt stop when Nokia Devices & Services was about to be sold to Microsoft, the factory was slammed with a tax penalty that almost worths more than it’s price in the deal.
And now, talks are said to be going on for the factory. According to ET News, Indian-owned Lava, the maker of Lava and XOLO smartphone brands, have met with Nokia officials in a bid to buy the facility. “Nokia has already communicated to Lava that the ongoing tax and lease-related issues are being discussed with the authorities concerned,” a source confided to the website.
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