There is no plan to limit sales of Chinese smartphones under INR 12,000: Rajeev Chandrasekhar

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The government has no plans to limit the sale of smartphones under INR 12,000 manufactured by Chinese companies, according to Rajeev Chandrasekhar, Minister of State (MoS) for Electronics and Information Technology (August 29).

“No such proposal exists in our ministry… There is a place for Indian brands… but not at the expense of foreign suppliers or foreign brands,” he was quoted as saying by Reuters. This comes less than a month after a Bloomberg report stated that the Indian government was looking to push Chinese smartphone giants out of the country’s market in order to revitalise the country’s ailing industry. According to the report, there is growing government concern about high-volume brands such as Realme and Transsion undercutting local manufacturers.

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There is no plan to limit sales of Chinese smartphones under INR 12,000: Rajeev Chandrasekhar

The government has no plans to limit the sale of smartphones under INR 12,000 manufactured by Chinese companies, according to Rajeev Chandrasekhar, Minister of State (MoS) for Electronics and Information Technology (August 29).

“No such proposal exists in our ministry… There is a place for Indian brands… but not at the expense of foreign suppliers or foreign brands,” he was quoted as saying by Reuters. This comes less than a month after a Bloomberg report stated that the Indian government was looking to push Chinese smartphone giants out of the country’s market in order to revitalise the country’s ailing industry. According to the report, there is growing government concern about high-volume brands such as Realme and Transsion undercutting local manufacturers.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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