After crackdown, Xiaomi to flee India for Pakistan? Chinese company reacts
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Xiaomi has slammed the allegations that it might be moving all its India operations to Pakistan in a Twitter post and called it “completely false and baseless”.
Earlier this week, reports claimed that Xiaomi might move its operations from India to Pakistan. The reports emerged amid a crackdown by the Enforcement Directorate where the Indian government froze Xiaomi's assets worth $676M for allegedly violating Foreign Exchange Management Act (FEMA) guidelines. However, the smartphone maker has responded to the allegations in a Twitter post and has said that any reports suggesting the company's move are “completely false & baseless”. The official Twitter handle of Xiaomi gave the statement while responding to a tweet by South Asia Index.South Asia Index cited sources for its t...