HMD in talks with parts companies for India operations

Barcelona: HMD Global, the Finnish maker of Nokia mobile phones, is in active talks with global component makers for local manufacturing in India to drive costs down as the tax holiday on key parts under the phased manufacturing programme (PMP) nears its end.

The firm may also join hands with a new contract manufacturer to increase production capacity in India, its CEO Florian Seiche told ET on the sidelines of the Mobile World Congress.

HMD Global currently manufactures its devices through Foxconn in India.