Finnish mobile handsets and electronic equipment maker Elcoteq on Monday opened its factory in Bangalore and said it will invest up to $100 million and hire 1,000 people by 2006 for the unit.
India will attract $800 million in the manufacturing of telecom products and equipment during the current fiscal, Union IT and Communications Minister Dayanidhi Maran said on Monday.
Success of Nokia in India has motivated Finnish companies to look at the country as an attractive investment destination, especially its lucrative telecom sector.
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