Jio Is Making Rs 2,500-3,000 5G Smartphones For The Indian Market

Reliance Jio is set to introduce a 5G smartphone for a price lower than Rs 5,000 and when it’s done scaling up, the price might be reduced to Rs 2,500-3,000 for one unit.

The target market of Jio is 20 to 30 crore phone users who are now using 2G, according to an official. For now, a 5G smartphone is available in the country for at least Rs 27,000.

Reliance Jio was India’s first company to offer 4G phones free for local users with a Rs 1,500 refundable deposit.

Mukesh Ambani, the company’s Managing Director, and Chairman, at its 43rd Annual General meeting, said it would make India free of 4G when the country is gradually adopting 5G.

He also announced Google’s acquisition of 7.7% of Jio’s stakes in the form of a Rs 33,737 crore investment to build an affordable Android-based smartphone.

Reliance Jio is also working to make its own 5G equipment and has asked the Department of Telecom for spectrum allocation for testing before the hardware can be exported. The Indian government hasn’t answered this request.

For now, the government has yet to allocate spectrum for running tests and 5G is still non-existent in India.

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