Tamil Nadu govt taps Foxconn to revive Nokia unit as tax row nears end

Tamil Nadu Industries Minister M C Sampath confirmed they were in touch with Foxconn India and their headquarters in Taiwan

The Tamil Nadu government has initiated talks with Taiwanese electronics contract manufacturer Foxconn to revive Nokia’s facility near Chennai, with the Finland-based mobile phone maker working towards settling an income-tax claim.

According to Bloomberg, Nokia will pay $241.4 million to the government for settling the case out of court — a move that will bring to end a five-year dispute over an original $602.3-million tax demand through a mutual agreement procedure. The one-time settlement, in accordance to the India-Finland double tax avoidance agreement, is a marked departure from the Indian tax authority's pattern of drawing foreign multinationals like Google and