Mobile handsets manufacturer Nokia Thursday said its manufacturing plant in Chennai has crossed production of 500 million handsets thus reaching a milestone for the company's manufacturing operations in India and globally.
"We have created a unique record across the world. This is not only a proud moment for us at Nokia, but a major highlight in India's young and rising electronics manufacturing industry," said Prakash Katama, director, Chennai factory operations, Nokia India .
"This achievement only proves that with the right kind of organisation focus, employee contribution and government support, India can deliver world-class manufacturing standards and set new benchmarks," he added.
The handsets manufactured here will go to over 100 countries covering six continents.
"The milestone was achieved in five years of its operations, marking Chennai's ramp-up among the fastest globally," the company said in a statement.
The company also said that the 500-millionth phone, a Nokia C3 will be signed by the company's brand ambassador and bollywood actor Shahrukh Khan and will be made available for auction to consumers through the company's website.
Nokia will match the amount raised through the auction, and the total amount will be donated to charity.
The company also announced that all the employees at its Chennai manufacturing facility will be gifted with a Nokia C3-00 as a gesture of appreciation for contributing towards achieving this milestone.
Nokia was the first global telecom company to set up a plant in India to produce mobile phones by starting the Chennai facility in January 2006. The company has since grown from a 550-member workforce to a strong 8,000-plus workforce.
Capital adequacy ratio (CAR) improved to 15.4 percent YoY from 13.4 percent year ago, with tier-1 capital ratio at 10.9 percent as against 8.5 percent in FY 2010.
source: http://economictimes.indiatimes.com/tech/hardware/nokias-chennai-unit-crosses-500-million-mark-in-handset-production/articleshow/8169829.cms
"We have created a unique record across the world. This is not only a proud moment for us at Nokia, but a major highlight in India's young and rising electronics manufacturing industry," said Prakash Katama, director, Chennai factory operations, Nokia India .
"This achievement only proves that with the right kind of organisation focus, employee contribution and government support, India can deliver world-class manufacturing standards and set new benchmarks," he added.
The handsets manufactured here will go to over 100 countries covering six continents.
"The milestone was achieved in five years of its operations, marking Chennai's ramp-up among the fastest globally," the company said in a statement.
The company also said that the 500-millionth phone, a Nokia C3 will be signed by the company's brand ambassador and bollywood actor Shahrukh Khan and will be made available for auction to consumers through the company's website.
Nokia will match the amount raised through the auction, and the total amount will be donated to charity.
The company also announced that all the employees at its Chennai manufacturing facility will be gifted with a Nokia C3-00 as a gesture of appreciation for contributing towards achieving this milestone.
Nokia was the first global telecom company to set up a plant in India to produce mobile phones by starting the Chennai facility in January 2006. The company has since grown from a 550-member workforce to a strong 8,000-plus workforce.
Capital adequacy ratio (CAR) improved to 15.4 percent YoY from 13.4 percent year ago, with tier-1 capital ratio at 10.9 percent as against 8.5 percent in FY 2010.
source: http://economictimes.indiatimes.com/tech/hardware/nokias-chennai-unit-crosses-500-million-mark-in-handset-production/articleshow/8169829.cms
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