Here’s what Xiaomi had to say about “moving facilities to Pakistan”

Xiaomi India denied reports of the company moving facilities out of India to Pakistan amid the crackdown on the activities of government agencies. A report from sources cited by South Asia Index has stated that Xiaomi India has “nearly halted” its operations in India after being targeted by the Indian government, adding that it may moved its operations to Pakistan after the Indian government froze $676 million in assets. .

Xiaomi responded to the tweet saying: “This tweet is completely false and baseless. Xiaomi entered India in 2014 and in less than a year we embarked on the journey Made in India. . 99% of our smartphones and 100% of our TVs are made in India. We will take every measure to protect our reputation from false and inaccurate claims.”

Xiaomi President Muralikrishnan GO called the tweet malicious and sought Twitter India’s assistance in removing the tweet and punishing the “perpetrators of this string of false and baseless information.”

Recently, Xiaomi Technology India Private Limited once again approached the Karnataka High Court. In a lawsuit filed on October 3, the company challenged the September 29, 2022 order of Foreign Exchange Management Law (FEMA) Authorities confirmed the April 29 forfeiture order from the Executive Board (ED). The ED earlier this year ordered the confiscation of Rs 5,551.27 crore in Xiaomi’s account for allegedly violating FEMA rules and transferring funds in the form of royalties to three companies outside of India. The company approached HC earlier this year to counter this order. However, the HC ordered an approach to the Competent Authority under FEMA.