Indian Economy News

Nokia to set up world's largest fixed network testbed in Chennai

  • IBEF
  • August 30, 2024

Nokia is set to establish the world's largest fixed network testbed in Chennai, marking a significant step towards advancing technology in ultra-high-speed internet access. This initiative, involving an investment of around US$ 54.07 million (Rs. 450 crore), will focus on cutting-edge developments in 10G, 25G, 50G, and 100G passive optical networks. The new facility, to be located at the State Industries Promotion Corporation of Tamil Nadu in Siruseri, will serve as one of Nokia's major research and development centres. The signing of the deal is scheduled to take place in San Francisco, with Tamil Nadu Chief Minister Mr. M K Stalin present, as part of efforts to attract investments during his visit to the US. This moves underscores Tamil Nadu's growing reputation as a hub for R&D and technology services, with Nokia's commitment reflecting a longstanding partnership in the state's development journey.

The establishment of a centre by the Finnish major is set to advance the development of next-generation networks and create approximately 100 specialized jobs. The Government of Tamil Nadu will offer Nokia essential infrastructure, regulatory, and policy support in accordance with existing policies. This partnership enhances Chennai's strategic role in Nokia’s global operations and highlights the region's growing significance as a hub for technological innovation, according to a government source.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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