Xiaomi India Says Scrutiny of Chinese Firms impacting suppliers sentiment. Xiaomi India: Chinese companies are scared of setting up plants in India, Xiaomi said

Chinese smartphone maker Xiaomi says that suppliers are facing difficulties in starting operations in India. The smartphone company says that Chinese companies are afraid of setting up plants in India because Chinese companies are being scrutinized in India.

This is why companies are hesitant

According to a Reuters report, Xiaomi has sent a letter to the Indian government in this regard. In the letter, the company has said that due to the scrutiny of Chinese companies by the government in India, smartphone component suppliers are hesitant in starting operations here. Reuters has given this news quoting sources.

Indian government had asked for suggestions

In a letter sent on February 6, Xiaomi has asked India to encourage manufacturing and reduce import tariffs on some selected smartphone components. The company says that the Indian government should consider these incentives. The company was responding to the suggestions invited by the Government of India. The Government of India had asked the company what steps should be taken to promote the component manufacturing sector in the country.

Highest share in Indian market

Xiaomi is India's largest smartphone company in terms of market share. Xiaomi has 18 percent share in India's smartphone market. The company assembles its phones in India only. Xiaomi also uses components made in India in its smartphones and also imports spare parts from China.

This action was taken against Xiaomi

After the violent border dispute between India and China in the year 2020, there has been strict action against many Chinese companies in India. India has banned hundreds of Chinese apps in installments. In the action taken against Xiaoqi itself, his assets worth more than 600 million dollars were frozen. Another smartphone company Vivo has also been accused of misappropriation of money.

Also read: Wave of global layoffs reaches India, thousands of jobs to be lost in SpiceJet

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