Sainul Abudheen KWith US$1.34, you could probably buy 2.5 kg of tomatoes in India but not a smartphone.Oh, wait.From today, you can buy a smartphone for less than US$2.00 in India.Bangalore-based company Namotel has announced in a press conference that it has launched the world s cheapest smartphone, priced at INR 99 US$1.34 — which is cheaper than Freedom 251, priced at US$4, launched by another Indian firm The company is, however, under investigation for misleading the public .Christened Namotel Acche Din Namo is apparently the nickname of Indian PM Narendra Modi , the cheaper-than-the-cheapest handset will be available for booking between May 17 to 25, 2016.According to the company, Namotel Acche Din has a 4-inch display, runs on Android 5.1 Lollipop, and is powered by 1.3GHz quad-core processor.

It has 1 GB RAM and 4GB storage space.

For handset and accessory defects under normal use circumstances and at the discretion of the company, Namotel shall provide free-of-charge repair and/or replacement services within the warranty period, it claims on its website.The company is promoted by Madhava Reddy, who claims to have worked as a relationship manager in the Axis Bank s Home Loans.

Established in 2016, the company looks to promote the Make in India initiative launched by Modi.In February, Ringing Bells launched Freedom 251.

This Indian company has just launched world s cheapest smartphone priced at US$1.34 first appeared on e27.Sainul Abudheen K is a startup writer, with almost eight years experience.

He has been tracking the Indian startup ecosystem for the past four years, and worked for leading Indian Indian publications, including, VCCircle a NewsCorp company , Cybermedia and AOL.

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