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

“Privacy is the foundation of what makes life worth living”

Joseph A Cannataci is the UN’s first and current special rapporteur for the right to privacy appointed by the Human Rights Council (HRC) in July 2015. His appointment came with growing global concerns about threats to privacy in the digital age where governments and big corporations collect

Suicide is all set to be decriminalised

Those who attempt suicide will no longer face criminal charges under the Indian Penal Code (IPC), once the Lok Sabha passes the “The Mental Healthcare Bill”. The government has introduced “The Mental Healthcare Bill”,

Challenges with regulation of medical education: Niti Aayog

  There are challenges with the regulation of medical education for Indian Systems of Medicine and Homoeopathy, said a Niti Aayog report.   A Preliminary Report of the Committee on the Reform of the Indian Medicine Central Council Act 1970 and Homoeopathy Cen

In conversation with author Chitra Banerjee Divakaruni

Chitra Banerjee Divakaruni was born in Kolkata and has spent most of her life in Northern California. The two cultures are reflected in her writings. Two of her books, The Mistress of Spices and Sister of My Heart, have been made into a movie and TV serial, respectively. Palac

Five points about UK parliament resolution on Gilgit-Baltistan

  Here are five highlights of the resolution that was passed by the British parliament over Gilgit-Baltistan in Pakistan.   Read: Resolution in British parliament 

Would AAP do well in the Delhi civic elections?

Would AAP do well in the Delhi civic elections?

Video

गोमती रिवर फ्रंट पहुंचे योगी

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter