Mukesh Ambani's next weapon to dominate telecom market is a Rs 4,000 phone

Ambani's company is in talks with domestic assemblers to make a version of its Jio phone that would run on Google's Android

Reliance Industries Ltd has asked local suppliers to ramp up production capacity in India so they can make as many as 200 million smartphones over the next two years, according to people familiar with the matter, a potentially enormous boost for the country’s technology ambitions and a warning shot to rivals such as Xiaomi Corp.

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 4,000 rupees ($54), said the people, asking not to be identified since the plans are private. The inexpensive