By Business & Finance 
Indian company Ringing Bells is set to launch the world’s most affordable smartphone, called the Freedom 251.
The new Freedom 251 will reportedly cost just 251 rupees (€3.30), making it the world’s cheapest 3G smartphone.
The budget phone promises a strong array of features commonly seen in much higher-end phones.
The Freedom 251 also comes preloaded with a women’s safety app.
The company is also offering one-year warranty on the device and has more than 650 service centres across India.
So how can a phone be produced so cheaply? There have been rumours that the smartphone might be subsidised by the Indian government as part of the Make in India, Digital India and Skill India initiatives.
Ringing Bells currently imports parts from overseas and assembles them in India but plans to make its phones domestically within a year.
India is the world’s second-largest mobile market and notched up its billionth mobile phone subscriber in October, according to the country’s telecoms regulator.
