Alcatel earmarks $30 mn to restart smartphone biz in India, ties up for local production

French technology brand Alcatel has earmarked an initial investment of $30 million, about Rs 260 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.