DeitY wants Jaitley to look at revival of Nokia unit in TN

Closed Nokia plant could open up doors to foreign investors and also bring in Jaya as an ally

GN Bureau | February 19, 2015


#nokia   #tamil nadu   #arun jaitley   #jayalalithaaa   #mobile  

Finance minister Arun Jaitley can achieve twin objectives of getting an ally in Parliament and send signals to foreign investors about India’s tax regime by accepting a suggestion to revive Nokia plant in Tamil Nadu.

It is learnt that the Department of Electronics and IT (DeitY) has sent a proposals and suggested that it is ‘highly desirable’ that the mobile handset manufacturing activity at the Nokia plant at Sriperumbudur in Tamil Nadu be revived.

Jaitley had recently met former chief minister and AIADMK leader J Jayalalithaaa in Chennai and her party’s support is crucial in Rajya Sabha. Revival of the Nokia factory, which had given direct employment to nearly 8000 people, may boost TN’s sentiments. It will also lift the Modi government pitching for Make in India.

Nokia had suspended mobile handset production at the plant in November last. The company had tax troubles and other legal issues. Nokia began its operations in 2006. It was Nokia's largest plant in the world. Due to tax issues the factory remained out of agreement of sale with Microsoft.

According to the DeitY, the revival plan would send "positive signals to the domestic and global industry". It remains to be seen whether Jaitley will take this proposal to the logical conclusion and provide some kind of incentives in his budget this month.

Comments

 

Other News

Where the true sadhana of Vedanta is to be found

Somewhere Among the Stars: Reflections of a Mystic By Adi Varuni Kali/BluOne Ink, 282 pages, Rs 395 Decades ago, when an unknown N

India celebrates National Voters’ Day

The 13th National Voters’ Day was celebrated across the country Wednesday with president Droupadi Murmu gracing the national event held here. Kiren Rijiju, union minister for law & justice, was the guest of honour. The chief election commissioner, Rajiv Kumar, election commissioners Anup Chandra

INS Vagir to give fillip to Navy: Admiral Hari Kumar

The Indian Navy commissioned its fifth stealth Scorpene class Submarine INS Vagir on Monday at the Naval Dockyard, Mumbai in the presence of Admiral R Hari Kumar, Chief of the Naval Staff. Vagir was launched on November 12, 2020, under Project 75 (P75) and post completion of sea trials it w

Uddhav joins hands with Prakash Ambedkar ahead of BMC polls

Ahead of the Mumbai civic polls, former Maharashtra chief minister Uddhav Thackeray on Monday announced an alliance with Prakash Ambedkar`s Vanchit Bahujan Aghadi (VBA). Addressing a joint press conference, Thackeray said their grandfathers, Keshav Thackeray and Dr. B.R. Ambedkar, were conte

How women leaders enable collective action at local level

Ela R. Bhatt, the founder of SEWA, once said, “There is ample proof to demonstrate that women can and do build strong and vital organizations around issues that relate to them, and find viable solutions out of their own experiences.” Women Leadership Schools (WLSs) promoted by Se

Endorsement guidelines issued for celebs and social media influencers

The department of consumer affairs under the ministry of consumer affairs, food and public distribution released a guide, ‘Endorsements Know-hows!’, for celebrities, influencers and virtual influencers on social media platforms here on Friday. The guide aims to ensure that individuals do not mi

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter