SRIPERUMBUDUR, INDIA – Salcomp launched commercial operations here in a former Nokia plant that hadn’t been operational for six years, according to reports. Components manufactured at the site will be exported to other countries.
Salcomp purchased the site last year for RS 2.15 billion (US$29.1 million) as part of the “Make in India” government program.
“The Nokia factory is revived,” said Sasikumar Gendham, managing director, Salcomp India. “Commercial production commenced out of the factory on Friday.”
The new facility will manufacture chargers and other electronic devices, and components for chargers, phones, and accessories.
The firm has invested Rs 18 billion (US$243.7 million) to expand its production capacity since 2019, including at the new factory. Salcomp expects to create 10,000 jobs.
The company now occupies more than 50% of the Nokia Telecom SEZ, with four plants in Sriperumbudur and one in Noida.