New Delhi: Nokia, world's leading mobile phone supplier believes that India will emerge as the second-largest mobile phone market by year 2010.
At present, it is the third-largest mobile phone market in terms of volume sales for Nokia, after the US and China, respectively.
“India is the fastest growing mobile market in the world with six million subscribers adding every month," Sunil Dutt, Director of Nokia India, said on Monday.
"The mobile industry in India has taken off in a big way," he added. He said Nokia will keep expanding its venture in this country keeping in mind the requirements of the Indian market.
Nokia believes launching affordable yet stylish handsets with several appealing features is the key to growth. “We would launch handsets and solutions in line with user needs. We carry out extensive research to ensure we tap every potential market and customer need as we move ahead,” said Dutt.
Nokia India has also earmarked $150 million, to be invested in phases over the next few years, to upgrade its manufacturing facility in Chennai. At present, the plant manufactures 20 million units in 11 months for sale in India and overseas.
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