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India may restrict Chinese mobile players from under Rs 12K market: Report
TIWN
TIWN
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New Delhi, Aug 9 (TIWN) The Indian government is reportedly planning to put curbs on China-based smartphone players from selling low-end smartphones (less that Rs 12,000) to give a much-needed boost to homegrown brands like Micromax, Lava, Karbonn and others.
According to a Bloomberg report citing sources that came out on Monday, the country "seeks to restrict Chinese smartphone makers from selling devices cheaper than Rs 12,000 ($150) to kick-start its faltering domestic industry".
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