BIF said any imposition of customs duty on imported mobile phones, post-switch over to GST regime for compensating local manufacturing, will violate India’s stance on FTA treaties.
"All Nokia phones that will be sold in India will be made here. We want to make sure that we make better phones than anybody else in terms of the things people value."
Jio said the incumbents must invest equity of up to Rs.125,000 crore in their businesses, rather than seek government sops to alleviate the financial stress.
Separately, handset makers are seeking the intervention of finance minister Arun Jaitley to start the introduction of the GST a month later from August 1.
Ravi Shankar Prasad will hold a high level roundtable on June 16 with chief executives of telecom, IT, banking, fintech and other industries.
Absence of credit lines could mean cos facing trouble on capital requirements, possibly leading to situations where vendors are not paid and supplies dried up.
The committee being constituted for the issue would consider all aspects, including the technical aspects of PoI and the rules governing it, and take into account clarifications from the Trai.
LYF’s market share dropped to well under 3% in the March 2017 quarter from a high of 7% at the same time last year, according to analysts from three research agencies.
Samsung India intends to make the South Asian nation a manufacturing and export hub, with shipments to Europe, Middle East, Africa, elsewhere to kick off in 2020.
The three apps - Trai MyCall App, auto test enabled MySpeed app and Do-not-disturb 2.0 app - are aimed at improving customer experience through real-time feedback from over 1 billion mobile phone users.
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