22-February-2024
Corporate News
 
Xiaomi says India's scrutiny of Chinese firms unnerves suppliers: Report
12-Feb-2024

China's Xiaomi has told New Delhi that smartphone component suppliers are wary about setting up operations in India amid heavy scrutiny of Chinese companies by the government, according to a letter and a source with direct knowledge of the matter. Xiaomi, which has the biggest share in India's smartphone market at 18%, also asks in the letter dated Feb. 6 that India consider offering manufacturing incentives and lowering import tariffs for certain smartphone components.

News Source:- https://www.business-standard.com/companies/news/xiaomi-says-india-s-scrutiny-of-chinese-firms-unnerves-suppliers-report-124021100349_1.html