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Xiaomi Says It Doesn't Need Government Exemption for Opening Retail Stores in India

Xiaomi Says It Doesn't Need Government Exemption for Opening Retail Stores in India

By Press Trust of India | Updated: 1 July 2016 19:01 IST

Highlights

Xiaomi had applied to open its single retail stores in India in April
It later withdrew its request of exemption from local sourcing norms
DIPP had also sought more details from Xiaomi on the same

Chinese smartphone maker Xiaomi Thursday said it is not seeking exemption from Indian government to fulfil 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.

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. 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.

Jain was speaking on the sidelines of company's event where it unveiled 4G smartphone Mi Max with 6.44-inch display for a starting price of 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.

Xiaomi Mi Max

REVIEW
KEY SPECS
NEWS

Design
Display
Software
Performance
Battery Life
Camera
Value for Money

Good
Pleasing aesthetics and build quality
Vivid display
Good performance
Strong battery life
4K video support

Bad
Unwieldy
Low-light camera quality is average
Hybrid SIM slot

Read detailed Xiaomi Mi Max review

Display 6.44-inch

Processor Qualcomm Snapdragon 650

Front Camera 5-megapixel

Rear Camera 16-megapixel

RAM 3GB

Storage 32GB

Battery Capacity 4850mAh

OS Android 6.0.1

Resolution 1080x1920 pixels

More Xiaomi mobiles Xiaomi mobiles price in India

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