'An internal assessment was done by the telecom ministry from the day the phone was launched. Officials have found that such a handset cannot be offered for less than Rs 2,300-2,400,' an official source said.

Noida-based startup, Ringing Bells, which is promising the world's cheapest "Make in India" smartphone, yesterday claimed to have received nearly five crore registrations in just two days of opening up for online pre-orders.

Ringing Bells president Ashok Chadha said that since the company will hand over 25 lakh 'Freedom 251' phones to the people who have registered for it online, the firm is now considering whether to stop the registration process which was supposed to go on till 8pm on February 21.

Taking the world by surprise, the firm on Wednesday launched "Freedom 251" smartphone that, it said, has been developed 'with immense support' from the government.

There are, however, some apprehensions about its final appearance and performance. It looks similar to an Apple iPhone. All the icons of the built-in app are a pixel-to-pixel copy of Apple's iOS icons. 'Freedom 251' has a Android 5.1 operating system, a 4-inch qHD IPS display, a 3.2-megapixel primary and a 0.3-megapixel front camera. The smartphone comes with pre-installed apps like Swachh Bharat, Women Safety, WhatsApp, Facebook and Twitter, among others.