 "India's handset industry may go past the 300-mn unit mark in 2019")
Indian smartphone makers are not too hopeful over prospects of a reversal in fortunes due to the current anti-Chinese sentiments triggered by the Sino- India border tension, insisting that low-cost funding is the need of the hour to take on foreign rivals.
There have been calls for boycott of Chinese products from several quarters following the Ladakh clash that left 20 Indian Army personnel dead.
"The early trends are exciting. But, Indian handset makers need low-cost funds to counter the deep-pocketed Chinese companies," Executive Director of the Jaina Group, which owns the 'Karbonn' brand, Abhishek Garg, told PTI.
