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Xiaomi Suppliers Alarmed by India’s Scrutiny

Chinese companies, such as Xiaomi, face challenges in India's smartphone market due to the country's reliance on Chinese suppliers. India needs to build confidence among component suppliers and ease scrutiny of Chinese investments. Authorities have accused Chinese firms of visa rule breaches and fund siphoning, but they deny any wrongdoing.

by Lilu Anderson
Sun, Feb 11, 2024 4:24pm
in Technology
• 3 mins read
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Xiaomi Suppliers Alarmed by India's Scrutiny | FinOracle

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Xiaomi Urges India to Address Concerns of Smartphone Component Suppliers

Chinese smartphone giant Xiaomi has raised concerns about the reluctance of smartphone component suppliers to set up operations in India due to intense scrutiny of Chinese companies by the Indian government. In a letter to the Indian government’s information technology ministry, Xiaomi called for manufacturing incentives and lower import tariffs to encourage local production of certain smartphone components. This comes as Xiaomi faces increased challenges in India, where the company leads the smartphone market with an 18% share.

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