Business News: So as to make as many as 200 million smartphones over the next two years, Reliance Industries Ltd (RIL) has asked local suppliers to ramp up production capacity in India according to people familiar with the matter, its potentially a warning shot to rivals such as Xiaomi and an enormous boost for the country’s technology ambitions.
Reliance Industries Ltd (RIL) ,India’s most valuable company is in talks with domestic assemblers to make a version of its Jio Phone that would cost about Rs.4,000 (roughly $54), and would run on Google’s Android said the people, asking not to be identified as the plans are private. The phones will be marketed with low-cost wireless plans from the parent company’s carrier, Reliance Jio.
Mukesh Ambani Chairman of Reliance Industries Ltd is aligning himself with the Indian government’s plans to build more domestic manufacturing, a possible boost for local assemblers like Dixon Technologies India, Lava International and Karbonn Mobiles.
Local media has reported that Reliance rival Bharti Airtel is also in talks with assemblers to build its own 4G device.