Xiaomi dismisses reports of moving operations to Pakistan

TechnologyXiaomi dismisses reports of moving operations to Pakistan

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A report was launched by South Asia that claimed that Xiaomi has literally stopped production in India and is moving its base to Pakistan.

Xiaomi has disaffirmed the reports of them leaving India and moving to Pakistan due to operational issues because of the government. Xiaomi has dismissed the report by South Asia Index confirming that it is entirely ‘false and baseless’.

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To address and clarify the false statement according to the report, Xiaomi also tweeted about the same to let people know the truth. Xiaomi came to India in 2014 and since then the brand has launched and introduced some amazing and affordable technology for Indian users. Within a year of setting up its base in India, it had started local production with 99 percent of smartphones and 100 percent of TV manufacturing in India. 

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The reporting agency South Asia Index in a tweet said that the Chinese technology company Xiaomi may move its operations from India to Pakistan after the Indian government leads to halting its production. The Indian government had seized Xiaomi’s assets worth Rs 5,551.27 crore for allegedly violating FEMA rules and transferring money in the guise of royalty to three companies outside India.

The Karnataka high court was not in favor of Xiaomi and completely declined to lift a freeze on Xiaomi. 

Denying the allegations and false claims the brand fought its battle in the Karnataka high court where there were asked to submit proof in order to lift the orders. 

Xiaomi will surely have to deal with big losses as the movement comes at a time when the country buys products and there is a huge demand for technology goods due to the festive season and ongoing offers and sales with e-commerce platforms.

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