Recently, Xiaomi has run into legal issues in India. The Chinese company’s assets worth millions of dollars were confiscated by the Indian authorities due to alleged unlawful payments made to three overseas organisations. One Xiaomi group entity that was purportedly posing as royalty was featured in this.
The Enforcement Directorate (ED), the Income Tax Department, and the Customs Department in India had accused Xiaomi of tax evasion before this occurrence.
Although Xiaomi has refuted these allegations in court, a fresh rumour has emerged on the internet just one day after the court’s ruling, alleging that Xiaomi is preparing to relocate its operations from India to Pakistan in order to avoid the trouble.
As of right now, the Chinese company has formally disputed these reports, calling them “totally untrue & unfounded.” This is what the declaration reads: “X “Aomi arrived in India in 2014, and we started our Make in India adventure less than a year later. Our smartphones and TVs are both entirely produced in India. We will make every effort to defend our image against untrue and incorrect charges.”
Xiaomi has stated that its activities in the second-largest smartphone market in the world have been “essentially suspended” as a result of the seizure of millions of dollars’ worth of assets from the firm. In spite of these severe conditions, the Karnataka High Court would not provide the corporation any relief until the probe is complete.
To be clear, Xiaomi gadgets are accessible in Pakistan, but unlike in India, the business is not physically present there. Instead, it has collaborated with regional wholesalers. Since India has a far larger market for smartphones and electronics than Pakistan, it seems sense that Xiaomi concentrates more of its efforts there than elsewhere.
But it’s important to note that Xiaomi has increased the rate at which devices are being produced there.
To read our blog on “Xiaomi 13 series phones will have multiple 50MP cameras,” click here
