$50 phone is Ambani's weapon to dominate India's telecom market

India’s most valuable company is in talks with domestic assemblers to make a version of its Jio phone that would run on Google’s Android and cost about Rs 4,000 ($54), said the people, asking not to be identified since the plans are private.
Reliance chairman Mukesh Ambani is aiming to remake the country’s smartphone industry much as he did in wireless services, where his aggressive prices and simple plans quickly made him the dominant force.