Monday, May 29th, 2023

Xiaomi preparing to leave India and go to Pakistan! Read and know full story

New Delhi.Xiaomi is one of the most popular smartphone companies in India. This company started its journey in India in 2014 and in no time it became the favorite company of the people. Now the company sells smartphones as well as smart TVs and many other types of products in India. Although for some time now Xiaomi India The days are not going well and the reason for this is the strict monitoring of the Government of India.

Actually, Xiaomi India has been on the target of ED, the government agency of India for some time now. The reason for this is evasion of taxes and royalties. In this connection, the ED had investigated the misappropriation of Xiaomi India and ordered the seizure of their funds of about Rs 5,551 crore. All these tweets have come today and shook the entire industry.

Is Xiaomi shutting down its operations in India?

This tweet has come from a Twitter handle named South Asia Index. It has been claimed in this tweet that ‘Xiaomi is going to Pakistan with its business in India.’

The tweet quoted sources as saying that Chinese smartphone maker Xiaomi is shifting its smartphone manufacturing from India to Pakistan due to the seizure of its assets by the Indian government. It has been written in this tweet that due to the targeting of Xiaomi by the Government of India, the company has almost stopped its operation.

Xiaomi replied

Now a reply has also come from Xiaomi’s side on this matter. Responding to the tweet of South Asia Index, Xiaomi India has replied that, ‘The information given in this tweet is completely wrong and baseless. Xiaomi entered India in 2014 and started its Make in India journey in less than a year i.e. in January 2015. Today 99% of our smartphones and 100% of our Smart TVs are manufactured in India. It is further written in the tweet of Xiaomi India that, as a global company, we will take all necessary measures to protect our reputation and people from false news.

Let us tell you that the ED had found Xiaomi guilty of tampering in tax and hence ordered the seizure of funds of Rs 5,551 crore on 29 April 2022. This order has received the approval of the FEMA Competent Authority. Because of this, many wrong news in the relationship between Xiaomi and India are also becoming viral on social media.

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