Indian company Ringing Bells, with immense support from the India government will launch an affordable smartphone called the Freedom 251 on Wednesday. The Freedom 251, touted as India’s cheapest smartphone -and likely the most affordable smartphone in the world as well – will sport a price tag below Rs. 500 (approximately $7).

The Indian smartphone manufacturer said that it will reveal the exact retail price of the handset and other details like its specifications at the launch event.

Ringing Bells says that the smartphone is in line with India Prime Minister Narendra Modi’s vision to connect every Indian and enrich their lives. The company also asserts that its smartphone is built to meet the goals of Make In India, the government’s project to entice multinationals as well as domestic players to manufacture goods in India.

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