India: Second Largest Mobile Market by 2010

Nokia identifies India as the fastest growing mobile phone markets in the world.

India is all set to become the second largest market of mobile handsets by 2010, according to an official of Nokia, the world's largest mobile manufacturer.

"India is the fastest growing mobile market in the world with six million subscribers adding every month," Sunil Dutt, director of Nokia India, said Monday.

"The mobile industry in India, which is now holding the third position in the world after China and the US, will be in the second position by next three years - in terms of handsets sold in this country," he said while launching the new 6300 Nokia model here.

Dutt added that the US will hopefully be in the third position after China and India. "The mobile industry in India has taken off in a big way," he said.

He, however, refused to divulge any figures regarding Nokia's business in India. All he said was that the firm has increased its market share in India in the last quarter.

He said Nokia will keep expanding its venture in this country keeping in mind the requirements of the Indian market.

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