Indian Company to Sell $20 Cell Phone

India has already built the world's cheapest car — the $2,500 Tata Nano — and now the country has unveiled the telecommunications equivalent: the $20 "people's phone."

The mobile handset, developed by Spice, the Indian telecoms group that is listed in Bombay and worth $2 billion, is angled at the very lowest end of the market. This means the phone has jettisoned all "non-essential" features — such as a screen.