Smartphone priced below Rs 500 launches in India

dynamitenews.com
New Delhi / 16 Feb 2016. Smartphones are generally available in the market with a price range of around Rs 1,500, yet one-year old Indian smartphone maker Ringing Bells is set to launch the world’s most affordable smartphone ‘Freedom 251’ priced at under Rs 500.

The formal launch will take place on Wednesday, 17 February 2016 by Defence Minister Manohar Parrikar.

The Freedom 251 smartphone is in line with Prime Minister Narendra Modi’s vision for “empowering India to the last person, transforming India’s growth story”, the Noida-based company said, adding that their aim is for full indigenous development of feature rich smartphones.

Last year software company DataWind had announced a tie up with Reliance Communications (RCOM) to launch the world’s most affordable smartphone with a price tag of Rs 999, yet the phone is yet to hit the markets. 

India has one of the fastest growing smartphone markets globally, which combined with PM Narendra Modi’s Make in India concept provides excellent opportunities for emerging companies branching out into the field of smartphone manufacturing.