NEW DELHI: Mobile handset market leader Nokia, with manufacturing facility in an SEZ near Chennai, plans to revamp its business in India by infusing fresh investment of Rs 250 crore in the next three years, with potential to create 500 new jobs.

Visit http://allstateinsuranceproducts.wordpress.com/

The company has furnished the information with the Commerce Ministry , seeking permission for its restructuring plan. Since the handset manufacturer has a facility in the Special Economic Zone(SEZ), it requires a nod from the Board of Approval (BoA) for effecting changes in its business model.

for more information about Allstate insurance products News / Reviews

The BoA, headed by Commerce Secretary Rahul Khullar, will take up the issue at its meeting on January 24, an official said. "Nokia has submitted that with a change in business model and streamlined processes, further investment of Rs 250 crore in India operations by 2014 as well as creation of additional 500 jobs is expected," he said.

Nokia plans to revamp India business with Rs 250 cr; to create 500 new jobs - Economic Times