With Nokia laying the foundation stone for its $150 million mobile phone plant in Chennai, India in March, there is sort of race to among major handset manufacturers to set up their manufacturing units in India.

According to our sources, apart from Nokia, other manufacturers like Ericsson, Motorola, EMS-giant Foxconn, Flextronics and Elcoteq are either setting up or have declared plans to set up  their manufacturing units in India. Foxconn plans to invest 110 million US Dollar in a PCB production and a Research & Development center in the region. 10,000 people will be employed at Foxconn's new plant.

Chennai has recently become a major destination for many foreign companies due to availability of large-scale skilled technical personnel. Exciting times ahead for telecommunications companies in India ! Global high-tech companies increasingly focussing on India, following country's stupendous growth forecasts and country of 400 mn strong middle class population adding over 200,000 mobile customers every month.

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