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

Modi at Davos: On how to realise the dream of a beautiful shared future

Prime minister Narendra Modi underlined the need for a consensus among the nation to realise the dream of a beautiful shared future, as he addressed the plenary session of the World Economic Forum (WEF) in Davos on Tuesday. After introductory remarks by the Forum`s founder and executive chai

RECTPCL hands over SPV to Power Grid Corp

REC Transmission Projects Company Ltd (RECTPCL), a subsidiary of Rural Electrification Corporation Ltd (REC), has handed over project specific special purpose vehicle (SPV) namely ERSS XXI Transmission Ltd to Power Grid Corporation of India Ltd (PGCIL). Competing alongside with the private p

BEML launches new wheel loader

Bharat Earth Movers Limited (BEML), a ministry of defence PSU, has launched a 5.4 ton wheel loader BL30-1 at Excon Exhibition 2017 in Bangalore. The high performance and rugged wheel loader is designed and developed by BEML. BL30-1 Frontend Wheel Loader is designed for maximum

SC must be subject to constant scrutiny: Justice Chelameswar

The supreme court should be subjected to constant scrutiny so that it improves, Justice Jasti Chelameswar said at a book release function on Monday. This was his first public appearance in Delhi after a January 12 press conference at which he and three fellow judges had spoken up about their differences wi

Karat then, Yechury now; Left leadership remains clueless

Much before Communist Party of India (Marxist) general secretary Sitaram Yechury got marginalised within the party’s central committee last week over the possibility of an alliance with the Congress, is learnt to have had an interesting conversation with Arun Jaitley, his fellow student-politician ba

Thumri should be taught in schools: Chhannulal Mishra

Pandit Chhannulal Mishra is a noted exponent of Banaras and Kairana gharanas. Born in Hariharpur of Azamgarh district, he learnt musical notes from various gurus and thus his music is an amalgamation of various forms and gharanas. His classical folk music has been mesmerising music lovers across the wo

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter