Nokia's (NOK) Chennai, India plant has been raided by Indian tax officials, reportedly over...

|About: Nokia Corporation (NOK)|By:, SA News Editor

Nokia's (NOK) Chennai, India plant has been raided by Indian tax officials, reportedly over allegations the company has avoided paying 30B rupees ($543M) in taxes. The raid comes as the Indian government mulls rules that would require a large % of tech hardware sold in the country be locally manufactured, potentially threatening the local sales of everyone from Nokia to Dell to IBM. Cisco's John Chambers and other tech execs have lamented the challenges of doing business in India.