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09.10 / 11:27
Twitter After crackdown, Xiaomi to flee India for Pakistan? Chinese company reacts
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.
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