Nokia Chennai plant closing may not tamper plans: Microsoft

Written By Unknown on Selasa, 07 Oktober 2014 | 23.25

Speaking to CNBC-TV18, Bhaskar Pramanik, chairman, Microsoft India said shutting of Chennai plant is unlikely to tamper the company's plans as it was never the part of the acquisition and hence, it will have no impact

As far dampening investor enthusiasm, yes, it will have some impact but most companies are very pragmatic, they look at the future

Bhaskar Pramanik

Chairman

Microsoft India

Even as government tries to push the 'Make in India' campaign - one big global multi-national has pulled the curtains down on India.

Nokia will suspend production of mobile phones from its Chennai plant, the plant is one of the largest facilities for making hand-sets. But the company caught in a tax dispute with the state and central governments. The Chennai plant was also not part of the deal when Microsoft acquired Nokia.

Speaking to CNBC-TV18, Bhaskar Pramanik, chairman, Microsoft India said shutting of Chennai plant is unlikely to tamper the company's plans as it was never the part of the acquisition and hence, it will have no impact. He, however, is optimistic and does not see the move affecting the investor community too much.

"As far dampening investor enthusiasm, yes, it will have some impact but most companies are very pragmatic, they look at the future. We are eternal optimists and the Prime Minister said in Madison Avenue, the three Ds is democracy, demographics and it is demand. Very clearly there is a huge demand in India for anything," he adds.


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