weather_iconDublin | 9.38 °C | AQI 21
Thursday, 19 December, 2024

---Advertisement---

Business

No plan to ban Chinese phones priced below Rs 12,000, says govt

New Delhi: There is no plan under discussion to ban Chinese cellphones priced below Rs 12,000, government sources informed CNBC TV18 on August 29, days after reports that New Delhi was considering measures to drive cheaper made-in-China phones out of the domestic market. According to a source with knowledge of the situation, the administration “would […]

New Delhi: There is no plan under discussion to ban Chinese cellphones priced below Rs 12,000, government sources informed CNBC TV18 on August 29, days after reports that New Delhi was considering measures to drive cheaper made-in-China phones out of the domestic market.

According to a source with knowledge of the situation, the administration “would not strive towards the exclusion of international brands.”

---Advertisement---

Measures, however, would be undertaken to “ensure space for Indian companies and Indian suppliers”.

Also Read :-Rupee falls new low of 80.14 against US dollar after Powell’s statement on inflation

---Advertisement---

The government’s vision is of a robust and innovative electronics sector, with space for India brands, the source said, adding, “Wherever we feel that Indian brands are being crowded out due to unfair practices we will intervene.”

The government’s clarification, as reported by CNBC TV18, comes about three weeks after a Bloomberg story said that the Indian government was attempting to prevent Chinese smartphone manufacturers from dominating the market segment for devices priced less Rs. 12,00.

Also Read :-Mukesh Ambani’s son Anant buys Dubai’s costliest home ever

According to market researcher Counterpoint, China contributed to roughly 80% of the shipments of smartphones priced under Rs 12,000 ($150), which made up one-third of the country’s overall smartphone sales during the April–June quarter.

Companies like Xiaomi Corp. and its competitors would have suffered greatly from a regulation that prohibited Chinese smartphone firms from competing in the market for less expensive devices.

Read More :- Latest Business News

Click Here – Download The News 24 App

HISTORY

Written By

News24 Desk

Updated By

Manish Shukla


Get Breaking News First and Latest Updates from India and around the world on News24. Follow News24 on Facebook, Twitter.

Related Story

Live News

---Advertisement---


live

Latest LIVE News Trending Today, Real Time Updates: Encounter Underway In Jammu And Kashmir’s Kulgam District

Dec 19, 2024
Latest LIVE News Trending Today, Real Time Updates
  • 07:31 (IST) 19 Dec 2024

    Madurai Junction Redevelopment Work Under Amrit Bharat Station Scheme Underway

  • 07:25 (IST) 19 Dec 2024

    Uttar Pradesh: 5 Killed In Truck-Car Collision In Shahjahanpur

  • 07:21 (IST) 19 Dec 2024

    Jammu-Kashmir: Encounter Underway In Kulgam's Kadder Area

N24 Shorts Logo

SHORTS

Sports

IPL 2025: Tension Looms Over RCB As Their Most EXPENSIVE Player Is Under Injury Cloud!

Injury to Josh Hazlewood as raised a lot of eyebrows, especially of RCB-Management , who acquired him for a whopping price of Rs 12 crore.

View All Shorts

---Advertisement---

Trending