Motorola to invest $100m in India

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Motorola hopes to have the Indian factory operational by 2007

Mobile phone maker Motorola has announced plans to build a $100m (£53.8m) factory in India.
The US firm said work would shortly begin on the plant, near the southern Indian city of Madras (Chennai).
The move, by the world's second-biggest handset maker, follows plans by larger rival Nokia to build a $150m manufacturing site in the country.
Mobile phone use is growing rapidly in India, where about 100 million people currently own a phone handset.
"India is a vitally important market for Motorola," said Motorola's executive vice president Ron Garriques.
The company said it planned to have the Indian factory operational by next year.


Source: http://news.bbc.co.uk/1/hi/business/5057054.stm
 
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