Trai also wants the industry to share on the policy or regulatory approach India should have in dealing with issues related to net neutrality.
"Nokia has made no investment in HMD and will hold no equity. Nokia will have no-one in the business and no-one will transfer from Nokia to HMD."
Microsoft India’s head of mobile division Ajey Mehta, along with 60-70 sales and marketing staff, will move to HMD Global, the newly-created company.
Smartphone sales fell 8.2% sequentially in the January-March period, according to International Data Corporation (IDC) India.
India is a critical growth market for his company as more than 800 million people here are yet to upgrade to smartphones, says John Bayne.
The earlier directive only sought that handset makers install a mandatory panic button on all new phones to be sold from January 2017.
As a result, carriers are now focusing on converting existing 2G smartphone users to 3G or 4G, say executives and analysts.
PayU’s global CEO Laurent le Moal recently said he believed that UPI will eradicate the need for mobile wallets, which requires consumers to store money.
Local manufacturing of iPhones can be ruled out but India has lot to offer in research & design space, according to experts.
These visits and increasing engagements underscore India's rise as a big market for tech companies with its growing Internet population.
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