Nokia said Tuesday it will suspend manufacturing at its cellphone factory in India after a lengthy dispute with the country’s tax authorities, a setback as India embarks on a high-profile campaign to woo foreign investment. The tax battle prevented Nokia from selling the plant, once one of the Finnish company’s largest factories, employing as many as 8,000 people, to Microsoft along with the rest of its handset business earlier this year.
Nokia will stop production at its mobile handset manufacturing facility near Chennai in south India after a deal with Microsoft to manufacture phones fell through. The factory was among Nokia assets frozen by Indian federal authorities in a dispute over taxes for mobile phone software licenses. It was supposed to have gone to Microsoft as part of its acquisition of Nokia’s phone business in April this year. As a result of the freeze, the company was not in a position to transfer the facility and its manufacturing operations to Microsoft. Nokia instead entered into a “transitional services agreement” to meet Microsoft’s immediate production needs and keep the factory in operation.
NOTE: TECHi Two-Takes are the stories we have chosen from the web along with a little bit of our opinion in a paragraph. Please check the original story in the Source Button below.
TECHi weighs both sides before reaching a conclusion.
TECHi’s editorial take above outlines the reasoning that supports this position.
There's not a single web browser out there that comes with all the features you could ever want, which is…
For obvious reasons, Sony's games and gaming-related products are almost always exclusive to the PlayStation, but that might not be the…
Whatever hype Microsoft managed to generate over Windows 10 Mobile after first announcing it has long since died off, and now…
Cloud storage and file synchronization have become an essential part of many people's lives, and Dropbox was one of the…
