The US is also persuading its allies to avoid using Chinese telecom equipment as the world’s largest economy resists China’s domination in the strategic industry. The increasing scrutiny on Chinese telecom gear has, however, prompted them to look at other options, industry executives said. “Till some time ago, Indian companies weren’t even allowed to participate in the bidding process," the person said. It will also help Indian firms improve pricing in the domestic market, something they have failed to do as Chinese firms entered India. European and other telcos may also follow their US counterparts in sourcing smartphones from Indian companies, industry executives said.

Source: Mint October 21, 2020 00:00 UTC