Foxconn Not Pleased With Nokia’s Legal, Financial Issues
Foxconn seems not pleased with Nokia’s legal and financial crisis. With regards to taking over Nokia’s Chennai production plant, the Taiwanese multinational electronics contract manufacturing company, has laid down certain conditions, which include freedom from all financial and legal liabilities of the plant. The plant which is in the middle of a INR 21,000-crore tax liability dispute with the government would need its backing in order for the terms to go through. Some of the other key demands include Nokia seeking to convert part of the Special Economic Zone (SEZ)...
