NEW DELHI: Foxconn Technology is in an advanced stage of talks with the Tamil Nadu government to resolve a Rs21,000-crore tax dispute , which could help revive the Nokia mobile manufacturing plant in the state and provide employment to thousands. It required the permission as there is a freeze on the assets due to the unresolved tax case. "Earlier this year, Nokia engaged with a buyer interested in purchasing production machinery,” a Nokia spokesperson said. “Subsequently, we worked with the respective authorities and secured the necessary permissions for executing the sale of those specific production machinery. "Nokia has been trying to revive the plant for years and had even closed in on the Essar Group as a potential buyer two years ago.

Source: Economic Times March 05, 2018 02:20 UTC