Vodafone's RedX plan is a high-end plan, which can be activated for Rs 1,099. The plan offers preferential benefits, including superior data speeds, preferential customer service, access to airport lounges.
The department of telecommunication will review proper utilisation of the guaranteed funds and will also review the guarantees annually to ensure that there is no risk of default in repayment of loans together with interest.
Several retailers across the country told Financial Express that they were seeing an increasing number of people asking for non-Chinese smartphones, and with the ban on 59 Chinese apps, the demand would go further down.
Though the government has not officially taken any such decision, its think tank body, Niti Aayog has recently recommended that BSNL's 4G network be made using only locally designed, developed and manufactured (IDDM) products
BSNL will be providing the coverage in all these areas. Although the government has not taken any decision to ban Chinese firms from telecom sector, it is working to make networks more secure going forward.
The government, which had allowed telecom operators to file applications along with the Chinese vendors in January, has now decided that a ministry of home affairs-led committee will take a final call in the matter.
Apple's global contract manufacturers, Foxconn and Wistron, have applied for Modi government's production-linked incentive (PLI) scheme to make India its next hub for production and exports of iPhones.
The lower cost of Chinese equipment aided by attractive vendor financing saw players like Huawei and ZTE edging out European vendors like Nokia and Ericsson in the last 10 years and grabbing a larger market share in India.