[lbo-talk] Nokia to set up a plant in Chennai

[Michael Dawson]

You've been keeping us abreast of India's China-copying strategy.  But what
do you personally think of the argument that it's also worsening economic
polarization -- e.g., the peasant suicides around Bangalore?

It's not that I'm uninterested in the capitalist flows, but what's your take
on their likely result in the social fabric of India?


> On Behalf Of uvj at vsnl.com
> Sent: Tuesday, April 12, 2005 8:31 AM
> To: lbo
> Subject: [lbo-talk] Nokia to set up a plant in Chennai
> 
> Business Standard
> 
> Thursday, April 7, 2005
> 
> Nokia plumps for plant in Chennai
> 
> INVESTMENT PLANS ARE SCALING UP
> 
> Our Corporate Bureau / Chennai April 07, 2005
> 
> This will be Nokia's first facility in India and its tenth globally.
> 
> Nokia today signed a memorandum of understanding (MoU) with the Tamil Nadu
> government for investing $150 million in a mobile phone manufacturing
> facility near Chennai. This will be Nokia's first facility in India and
> its tenth globally.