Nokia handset maker has recently announced that it will search
forwards to another buyer for its Chennai assembling unit provided that
it can't exchange the plant to Microsoft because of the expense push
with the legislature.
Meanwhile, US
programming monster Microsoft had in September consented to obtain
Nokia's units and administrations business for $ 7.2 billion. The
Chennai unit, which utilizes something like 8,000 persons, was part of
the arrangement.
In any case, the unit might
need to be isolated if the charge column is not settled before and Nokia
might then take a gander at giving contract assembling administrations
to the Us-based organization for a year, a senior Nokia official said.
Since
the office will have no utilization for Nokia post the Microsoft
bargain, they will attempt to find an alternate purchaser for it, the
official told Pti.
Nokia today additionally
offered the legislature that it will store Rs 700 crore with the goal
that it can battle the case, moreover its offer that if powers permit
offer of Chennai unit the firm will store the money created out of it
with them, which will be a base Rs 2,250 crore.
"We
will do our best to get this deal done. But, we also agreed with
Microsoft that if the assets are not transferred to them then we will
for concessional period offer contract manufacturing services out of the
factory assets and by doing so we will try to secure employment for as
many employees possible.
"Given that Nokia
will not be needing this assets for its own future operations, we will
need to seek to try to find another buyer for this asset here," the
official said.
The official said that the company "disputes" the tax claims that have been issued to them.
"It
will be in the best interests of the employees and tax officials
because what we are offering them is that we will be replace the Chennai
factory with cash proceeds that we will receive by selling it to
Microsoft”
"We have committed that cash amount
will be a minimum of Rs 2,250 crore and if you look at this from a
numbers point of view, the case and the claim, is for approximately s
3,000 crore. This is higher than the original tax claim," the official
said.
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