Once a celebration of Indian manufacturing, Nokia's Chennai factory, beset by legal troubles, has become nobody's child. Old owner Nokia does not want it, new one Microsoft is reluctant to take it. And the solution they have come up with only provides temporary relief to the 7,500 workers there.What manufacturer wants to hand over 16% of revenues just for manufacturing in a low-cost labor locale? Any other foreign company considering setting up shop in India is thinking "If Nokia can get taken like this..." That is why Nokia's modern Indian plant was shut down instead of being sold to another company - there were no takers.
Arivazhagan, 26, reminisces about the time he travelled over 600 km to Chennai from Tirunelveli, a district in Tamil Nadu, around eight years ago to search for a job. Along with his three friends, they were walking down a road in Sriperumbudur (40 km south-west of Chennai) which was turning into a booming industrial hub, thanks to the Hyundai car factory set up in 1999.
India’ economy is not great because of stuff like that! I have seen stories of Indians finding work in places like Mauritius for better pay.
India’ economy is not great because of stuff like that! I have seen stories of Indians finding work in places like Mauritius for better pay.