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25% retailers may be out of biz after lockdown if govt doesn't help: Study
Business Standard

Scheme for phone makers finds no takers amid coronavirus lockdown

Despite the government recently announcing two ambitious schemes for the sector to attract new investment, none of the companies is planning to avail them any time soon.

Topics
Coronavirus | smartphone industry | India smartphone market

Arnab Dutta  |  New Delhi 

phone, mobiles
Top smartphone player by volume – Xiaomi India — is not considering investing through the new scheme despite a healthy surge in sales volume in 2019, said sources.

With production units shut and sales halted owing to the coronavirus (Covid-19) outbreak, the country’s leading electronics and handset manufacturers are postponing new investments to boost local manufacturing.

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First Published: Wed, April 08 2020. 01:02 IST

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