Xiaomi May Move Its Indian Operations To Pakistan: Report

Media reports suggest that Xiaomi may be considering moving its Indian operations to Pakistan after Karnataka high court declined to lift the freeze on mobile-maker’s assets. 

The news of Xiaomi’s fresh consideration of shifting Indian operations to Pakistan was reported by South Asia Index.

The freezing of Xiaomi assets by the Directorate of Enforcement (ED) had effectively “almost halted” the company’s operations, the mobile maker had said on Thursday.

On Friday last week, a Competent Authority under Foreign Exchange Management Act (FEMA) had confirmed the seizure order of Rs 5,551.27 crore by the Directorate of Enforcement (ED) against Xiaomi Technology India Private Limited.

Clarifying on the same, Xiaomi had said that a majority of the Rs 5,551.27 crore seized by the Enforcement Directorate were royalty payments to chip pioneer Qualcomm. It had gone on to express its disappointment with the decision of freezing assets.

“We believe our royalty payments and statements to the bank are all legitimate and truthful," Xiaomi said in its statement on Sunday.