Motorola (MOT) will spend as much as $100 million to build a handset manufacturing plant near the southeastern Indian city of Chennai.
The Schaumburg, Ill., wireless giant said it will make an initial investment of $30 million in the plant, due to open next year. The company will establish a manufacturing plant in the 300-acre Sriperumbadur Hi-tech Special Economic Zone being developed jointly by Motorola and Government of Tamil Nadu at Sriperumbudur.
"India is a vitally important market for Motorola, and as a strategic manufacturing hub, offers a compelling value proposition of best-in-class talent and strong cost efficiencies," said Motorola's Ron Garriques. "Our decision to make an investment of this scale is a reflection of our continued global commitment to connect the next billion consumers."