Stop ‘regulatory assault’ on Chinese firms, Global Times tells India after Xiaomi accusations – Times of India


NEW DELHI: India ought to cease its “regulatory assault” on Chinese language corporations, state-backed Chinese language newspaper World Instances stated, after smartphone maker Xiaomi Corp alleged threats of “bodily violence” in Indian investigations.
Reuters reported on Saturday that Xiaomi had informed an Indian courtroom that its high executives confronted threats and coercion throughout questioning by an Indian company investigating unlawful remittances. The company, the Enforcement Directorate, referred to as the allegations “unfaithful and baseless”.
Citing the story, the World Instances in an opinion piece late on Sunday stated the uncertainty surrounding Xiaomi’s “regulatory predicament ought to increase a purple flag for India” and requested New Delhi to cease its “regulatory assault on Chinese language corporations”.
“The impression that Chinese language and different international corporations could possibly be deliberately focused and suppressed is not one thing good or beneficial for India,” it stated.
“It’s of nice significance for India to keep up regular and efficient communication and coordination with Chinese language traders.”
Many Chinese language corporations have struggled to do enterprise in India as a result of tensions following a border conflict in 2020. India has cited safety issues in banning greater than 300 Chinese language apps since then – together with TikTok – and tightened norms for Chinese language corporations investing in India.
World Instances is a nationalistic tabloid printed by the Communist Get together’s Individuals’s Day by day. Its views don’t essentially mirror the official considering of policymakers.
The Enforcement Directorate and an Indian authorities spokesperson didn’t instantly reply to a request for touch upon the World Instances’ view. Xiaomi, the most important smartphone vendor in India with a 24% market share and 1,500 staff, additionally didn’t reply.
The directorate on April 29 seized $725 million in Xiaomi’s India financial institution accounts, saying it made unlawful remittances overseas “within the guise of royalty” funds.
An Indian courtroom final week placed on maintain the company’s resolution, and the case will subsequent be heard on Could 12. Xiaomi denies any wrongdoing and says all royalty funds are reliable.
“It’s truthful to say that Xiaomi hasn’t been in a position to talk successfully with Indian regulators,” World Instances stated. “What has occurred to Xiaomi could possibly be seen as one other instance of India’s crackdown on Chinese language corporations.”


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