Salcomp to invest Rs 1,300 cr in Nokia's defunct Chennai unit post purchase

Tamil Nadu govt officials say the plant will start operations in March and create nearly 10,000 jobs

Finland-based Salcomp, one of Apple’s major suppliers, which acquired Nokia’s defunct Chennai unit, is planning to invest Rs 1,300 crore.

Salcomp has agreed to buy the facility for $30 million (around Rs 215 crore)  in a move that will restart what used to be one of the largest mobile phone manufacturing plants in the world.

Around 15,000 people lost their jobs after the factory was shut down 2014, following a dispute between the Finnish company and tax authorities. Earlier, HTC, Foxconn and Essar had evinced interest in the unit but did not pursue the matter.

Tamil Nadu Government officials said