India says no proposal to restrict Chinese phonemakers in sub-$150 price range

India is not proposing to restrict Chinese smartphone manufacturers from operating in the sub-$150 price range, a key minister said Monday, providing relief to scores of international giants in the world’s second largest handset market.
Rajeev Chandrasekhar, the junior IT minister, said at a press conference that while India feels an obligation to ensure that local firms flourish in the smartphone ecosystem, “there’s no such proposal in our ministry,” he said of the rumored plan.
Chandrasekhar’s remark contradicts a Bloomberg News report from earlier this month th

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