In 2010 the Nokia plant at Sriperumbadur outside Madras produced 25% of all Nokia phones sold, which was 11% of the worlds cellphones. This giant plant is now shut down after a persistently troublesome and relcatricant labor union saw to it that Microsoft didnt buy the plant when it bought out the Finnish companys cellphone business. India now imports almost $10billion of cellphones from China each year. If we had an enlightened industrial policy the ministries of Finance, IT and Industries would have co-ordinated between themselves to make one of our existing cellphone marketers selling Chinese phones with local branding by offering them an attractive deal. The TN government which should have concerned itself with saving jobs also didnt seem interested and we have seen a valuable national asset going down the tubes. Nokia will take a write-off by Indian funders and vendors will have to take a hair cut. For that matter we could have encouraged one of the Chinese or Taiwan merchant manufacturers to take over the plant. It can be done even now, now that the workforce has been laid off with a good VRS. Will someone in government please take the lead?
Posted on: Sat, 01 Nov 2014 09:23:46 +0000
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