Nokia and Siemens Networks are forming a 50:50 joint venture to set up a second facility in Kolkata to manufacture switches. The joint venture is likely to manufacture handsets at a later date. Siemens Public Communication Networks, the telecom arm of Siemens, is also likely to be merged with this new entity.
source: TMC Net
Another emerging market? Who knows. It’s nice that Nokia is setting up shop early however.