Alcatel To Resume Smartphone Biz

New Delhi: French technology brand Alcatel has earmarked an initial investment of $30 million, about Rs260 crore, as it gears up to re-enter India’s mobile phone market after seven years with plans to sell locally-made smartphones, a senior official of the company said.

Alcatel’s business is operated by Chinese firm TCL Communication under a trademark licence agreement from Nokia. “As of now we are setting up the manufacturing plans, maintaining our supply chain, etc. We have an initial investment plan of $30 million, but rest of the plans will purely depend on the kind of responses we get, the kind of models that we decide to launch,” Alcatel’s Chief Business Officer Atul Vivek.