Nokia shutting down it's india factory

Nokia today said that
it will shut down its Chennai plant from November 1 as
Microsoft has terminated mobile purchase agreement
from the the factory and it is left with no business.
"Microsoft has informed Nokia that it will be
terminating the manufacturing services defined in the
agreement with effect from 1 November 2014. In
absence of further orders from Microsoft, Nokia will
suspend handset production at the Sriperumbudur
facility from 1st November," Nokia said in a statement.
In September 2013, Nokia announced it would sell its
devices and services (D&S) business, including assets
in India, to Microsoft for $7.2 billion by March 2014.
The deal was completed on April 25 but Chennai
facility could not be transferred to Microsoft because of
legal issues related to tax demand by Indian
government.
Nokia started manufacturing in Chennai in January
2006 and exported to markets including in the Middle
East and Africa, Asia, Australia and New Zealand from
there.
In March, the Tamil Nadu government served a Rs
2,400 crore notice on Nokia, saying the firm had also
sold products from the Chennai plant in the domestic
market instead of shipping them overseas.
In a separate tax case, the Supreme Court had ordered
Nokia India on March 14 to give a Rs 3,500 crore
guarantee before it transfers the plant to Microsoft.
As a consequence, Nokia entered into a transitional
services agreement with Microsoft to address their
immediate production needs and keep the factory
operational.