LAVA: To promote local companies, Indian Government is considering banning Chinese phone manufacturers from the sub-Rs. 12k market.

LAVA: To promote local companies, Indian Government is considering banning Chinese phone manufacturers from the sub-Rs. 12k market.
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Financial Analyst Intern
Publish Date11 August 2022
Reading time1 Min

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To offer a much-needed boost to domestic companies like Micromax, Lava, Karbonn, and others, the Indian government is apparently seeking to restrict China-based smartphone players from selling low-end smartphones (less than Rs 12,000).

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