Rajeev Chandrasekhar Dismisses Reports Of Modi Government 'Crackdown' On Phone Makers
Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

Congratulations!
You have successfully subscribed.

Rajeev Chandrasekhar, the Union Minister of State for Electronics and Technology has clarified that the government does not intend to announce any new security rules that “crackdown” on smartphone makers.

What Happened? Chandrasekhar took to Twitter to call out a Reuters report from Tuesday which revealed that the government is looking to lay down a new set of security-oriented rules for smartphone makers that will let users delete pre-installed apps.

“This story is plain wrong – there is no “security testing” or “crackdown” as the story suggests,” the Union Minister tweeted on Wednesday.

A tech investor himself, Chandrasekhar goes on to state that the story is based on a lack of understanding. “Perhaps an unfettered creative imagination that is based [on] an ongoing consultation process between the ministry and industry [players] on mobile security guidelines of BIS Standard IS17737 (Part-3) 2021,” says the Union Minister.

Read next: Paytm's Strong Operating Performance Sees This Global Brokerage Maintain ‘Buy' Rating

The Ministry of Electronics & IT is committed to improving ‘ease of doing business’ and is focused on growing electronics manufacturing in the country to touch $300 billion, states Chandrasekhar.

Why it Matters? The Reuters report on Wednesday alluded that once the government announced the new security rules, launch timelines for smartphone launches would get extended.

The move will also likely result in losses for phone makers as most brands see pre-installed app deals as a revenue source.

Read next: Apple's iPhones May Be Expensive But Tech Giant's Growth Is Outpacing Chinese Rivals In India

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...
BIS StandardMinistry of State for Electronics and TechnologyRajeev Chandrasekhar