Xiaomi’s operation status regarding Pakistan
In an event of the crackdown on operations handled by government agencies, Xiaomi India has denied claims that the business is shifting its headquarters from India to Pakistan. According to a South Asia Index report, Xiaomi India’s operations in India have “nearly ceased” as a result of the Indian government’s targeting of the company. Xiaomi India may now shift its activities to Pakistan after the Indian government seized property worth $676 million, the report added.
The reporter of the newspaper daily after interviewing told that the information there in the tweet is wholly untrue and unsupported. India welcomed Xiaomi in July 2014. We started our “Make in India” adventure in January 2015, a little more than a year after we started operating in India. Today, India produces 100percent of smart TVs and 99% of smartphones. As a reputable international business, we shall take all prudent steps concerning maintaining the reputation against untrue and misleading claims.
The enforcement department has been looking into Xiaomi India for allegedly sending money abroad illegally while pretending to be royalties. The concerned organization last week confirmed an order from the ED to seize properties related to the company worth Rs 5551.27 crore. Xiaomi asked for a stay order from the Karnataka High Court Court on Thursday, contesting the validity of the confirmation ruling.
To preserve the interests of the company irrespective of...
Read Full Story: https://news.google.com/__i/rss/rd/articles/CBMiRGh0dHBzOi8vd3d3LmludmVudGl2YS5jby5pbi9zdG9yaWVzL3hpYW9taS1kZW5pZXMtcmVwb3J0cy1vZi1tb3Zpbmcv0gEA?oc=5
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.