comscore Don't need exemption from sourcing norm: Xiaomi
News

Don't need exemption from sourcing norm: Xiaomi

After Apple, Xiaomi had applied for permission to open its retail stores in India.

  • Updated: July 1, 2016 11:01 AM IST
xiaomi-logo

xiaomi HQ


Chinese smartphone maker Xiaomi said it is not seeking exemption from Indian government to fulfill the 30 percent local sourcing norm, as it already makes 75 percent of devices locally that are sold in India. “We are manufacturing 75 percent of devices that we sell in India locally. From that perspective, we don’t need any kind of exemption. Our application is still under the purview of the government. We probably will be able to know about it in some time and then share more details,” Xiaomi India Head Manu Kumar Jain told PTI. Also Read - Would you buy a Xiaomi electric vehicle? Company plans to produce lakhs of cars every year

Also Read - Redmi Note 11T 5G launch on November 30: Expected price in India, specs, and more

Xiaomi, in April this year, had approached the Department of Industrial Policy and Promotion (DIPP) for opening single brand retail stores in India. Apple too applied for opening single brand retail stores but lobbied hard for the exemption from the mandatory 30 percent local sourcing saying that its products have high-end technology which could not be sourced from local vendors. Xiaomi also sought exemption initially but retracted later. Also Read - Xiaomi may not be the first company to launch Snapdragon 8 smartphone but this manufacturer might

The government, on June 20 this year, relaxed FDI norms by giving a three-year exemption from local sourcing to foreign players in single-brand retail and a further five-year relaxation for ‘state-of-art’ and ‘cutting-edge’ technology. The decision to relax the norms was taken at a high-level meeting chaired by Prime Minister Narendra Modi.

ALSO READ: Xiaomi Mi Max Review: Gulliver in the land of Lilliputs

Jain was speaking on the sidelines of company’s event where it unveiled 4G smartphone Xiaomi Mi Max with 6.44-inch display and prices starting from Rs 14,999. The phone will start selling on Xiaomi’s website mi.com from July 6 and on other e-commerce platforms from July 13.

For the latest tech news across the world, latest PC and Mobile games, tips & tricks, top-notch gadget reviews of most exciting releases follow BGR India’s Facebook, Twitter, subscribe our YouTube Channel. Also follow us on  Facebook Messenger for latest updates.
  • Published Date: July 1, 2016 9:01 AM IST
  • Updated Date: July 1, 2016 11:01 AM IST



new arrivals in india

Best Sellers