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Nokia Siemens to spend $70 mln on new India plant

Telecoms network gear maker Nokia Siemens Networks said it will invest $70 million over three years in a new Indian factory that will make and distribute mobile communication equipment.

The new facility is near the southern city of Chennai. Nokia Siemens also has a manufacturing facility in Kolkata in eastern India, where it makes fixed network equipment.

Nokia Siemens is the second-largest network gear provider in India, trailing only Ericsson, according to data compiled by technology publication CyberMedia. (Reuters)