Chinese Phones For Less Than 12k, Not Allowed!

- Advertisement -

The central government is aiming to put some restrictions on Chinese smartphones holding the Indian market. Made-in-China giants like Xiaomi and others have managed to capture around 75% of the country’s smartphone market over the years. With the huge availability of cheap labour back in China, cutting-edge technological innovation, the expanding reach of digital literacy in India and the relative absence of Indian businesses in this field, Chinese smartphone makers have been making great strides and fortunes.

State of Affairs

The step is being seen as an attempt to revive the minuscule India-born industry in this sector. Despite being the second largest smartphone market in the world, Indian manufacturers have rarely been seen playing front-foot in this domain. A few known names like Lava and Micromax had even less than half of the market amid Apple and Samsung. And then, the new entrants from our neighbourhood disrupted the industry with cheap products. But now, pushing the ‘Make in India’ initiative after the Covid setback, the government aims to build back better, and newer. 

Indo-China Relations

After the clash at the Himalayan border between the two nuclear powers in 2020, India has taken steps to reduce the Chinese presence and appeal. It banned around 300 apps, like Tencent Holdings Ltd.’s WeChat and ByteDance Ltd.’s TikTok.

- Advertisement -

 

The Financial State

These makers have been facing money laundering allegations, amid the government scrutinizing them for finances. Tax demands on such companies have also increased in recent years. Xiaomi’s shares have been facing losses in trading. At the Monday closing in Hong Kong, it slid 3.6%, extending its decline to more than 35% this year. They are undergoing a tough phase in their home country due to covid lockdown and the entailing market slowdown. With restriction clouds hovering over their sub-Rs 12000 smartphones in India, the business is only going to hit another low.


 

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

“AIC-T-Hub Aims To Grow Startups So More Indian Unicorns Can Contribute To The GDP”

0
T-Hub has collaborated with Atal Incubation Centre (AIC), initiated by the Atal Innovation Mission to incubate semiconductor startups, fostering innovation for India’s advancement in...

Pros And Cons: Boult’s Varun Gupta On Contract Electronics Manufacturing

0
While contract electronics manufacturing is not a new concept in India, it has lately picked up a pace never seen before. But what has...

Crompton Greaves Starts Kitchen Appliance Manufacturing In Vadodara

0
This move aims to boost product quality and operational efficiency, enhancing the delivery of innovative, high-quality kitchen solutions to meet growing consumer demands. Crompton Greaves...

Buzz

ASUS IoT And BRESSNER Technology Launch CTOS

0
The collaborative approach seamlessly integrates advanced features across CTOS solutions, fostering synergy. ASUS IoT has recently unveiled a strategic collaboration with BRESSNER Technology, aiming to...

Samsung Appoints Veteran Amid AI Chip Challenges

0
This shake-up, effective immediately, sees Young Hyun Jun transitioning from his role in future business planning to tackle the booming demand for high-end AI...

Imec-Led European Labs To Get $2.7B From Chips Act Funding

0
Europe's chip revolution gains momentum with a €2.5 billion investment in cutting-edge pilot production line for sub-2nm technologies, aiming to elevate domestic production and...

Important Sectors

Samsung Appoints Veteran Amid AI Chip Challenges

0
This shake-up, effective immediately, sees Young Hyun Jun transitioning from his role in future business planning to tackle the booming demand for high-end AI...

Imec-Led European Labs To Get $2.7B From Chips Act Funding

0
Europe's chip revolution gains momentum with a €2.5 billion investment in cutting-edge pilot production line for sub-2nm technologies, aiming to elevate domestic production and...

Progress And Challenges In Autonomous Commuting

0
Despite over a decade of technological advancements and testing in cities like Phoenix and San Francisco, robotaxis still faces significant hurdles.  Companies like Waymo, Cruise,...

New EV Policy Offers Incentives For Plant And Machinery Investments

0
Investments in creating physical infrastructure such as plants, machinery, charging stations, and other assets developed or acquired by companies will qualify for incentives under...

Dr Yashodhan Gokhale Joins JSW Energy As VP

0
Interestingly, he had started his professional innings in the role of a Research Chemist with Sudarshan Chemical Industries Dr Yashodhan Pramod Gokhale has joined JSW...

Manufacturing

Imec-Led European Labs To Get $2.7B From Chips Act Funding

0
Europe's chip revolution gains momentum with a €2.5 billion investment in cutting-edge pilot production line for sub-2nm technologies, aiming to elevate domestic production and...

EVR Motors Discusses Tech Sharing With Indian OEMs

0
The Israel-based EVR Motors designs Radial Flux Permanent Magnet (RFPM) motors and licenses this technology for manufacturing by OEMs and component makers. EVR Motors, an...

Automotive Electronics Industry Growth Prospects And Strategies

0
From electric vehicles (EVs) to autonomous vehicles, discover the challenges, key players, and market segments driving a $136 billion industry revolutionising vehicles and the...
Siemens and CSA

Siemens To Sell Innomotics To KPS For $3.8B

0
Siemens chief financial officer Ralf Thomas expressed his pleasure at the significant progress made in optimizing their portfolio through the sale of Innomotics to...
Siemens and CSA

Siemens Limited Announces ₹1000 Crore Capex

0
In a statement, Siemens announced that it is expanding its factory operations in Goa to address the rapidly growing demand for essential industry components. Siemens...