Ringing Bells, an Indian handset vendor, is all set to launch a smartphone for under ₹500 ($7) on Feb. 17. The vendor already has an LTE-enabled handset that retails for ₹2,999 ($43), and with its upcoming phone, called the Freedom 251, it is looking to promote the government's Make In India initiative, and empower "India to the last person, transforming India's growth story."