More on India’s $4 Phone
openattitude.com
openattitude.com
>>> "The phone will be manufactured in Noida and Uttaranchal. Two plants will be set up for Rs 250 crore (appx. 37 million USD) each with a capacity of 5 lakh phones. The money will come in the form of debt and equity (1.5:1)," he said. <<<
Murali Manohar Joshi who used to be a top tier leader of the current ruling BJP attended the ceremony. So, this scam has deep collaborators.
http://zeenews.india.com/business/gadgets/gadgets-news/freed...
With enough grease in the palm, any politician can be made to appear.
https://news.ycombinator.com/item?id=11126398
The worst part is government officials are endorsing the phone?
It is someone just trying to raise funds via preorders to try to get one made, like some kind of kickstarter and the press just ran with it?
You have to remember that even before kickstarter people managed to scam others. Kickstarter isn't really required for that.
Joshi is an entitled superstitious hindu fanatic https://www.youtube.com/watch?v=yND74tSqlBA If he endorses the product, it is probably a scam
By that same standard, every Republican presidential candidate is a "Christian fanatic", but nobody uses that term for the Republicans.
"No telecom carriers have come forward to announce their partnership with Ringing Bells, so a carrier-based subsidy is off the charts.
Government subsidy was ruled out by the company at the launch event. As reported by NDTV Gadgets who were present at the launch event, Ringing Bells President Ashok Chadha confirmed that there is ‘no government subsidy’ for the Freedom 251"
Source: http://www.xda-developers.com/freedom-251-why-it-is-a-3-7-an...
They might be losing money on every sale, but they'll make it up on volume...