Xiaomi has been working in the Indian market for 10 years and has successfully sat on the throne of the Indian mobile phone market. It is said that Xiaomi's expansion of investment in India and the increase of jobs are a win-win situation for both sides. But after India saw that Xiaomi was making money, its greedy heart became uneasy again. In the end, in violation of local foreign exchange regulations, Xiaomi froze 4.8 billion.
In fact, after seeing this operation, many people instantly understood. It is not that Xiaomi violates foreign exchange management regulations, and the ultimate goal of Ah San Ge is to rob Xiaomi of the money earned over the years. You can invest in me, you can also drive jobs, but the money you earn can't be taken away.
In the face of India's unreasonable demands, Xiaomi naturally cannot obediently comply. At this stage, India is still only frozen, and there is no final ultimatum to say confiscation, so it is said that 4.8 billion millet still has room for maneuver. In addition, seeing that India is so unwelcoming to foreign investors, Xiaomi also responded decisively.
Xiaomi wants to stop the loss in time, that is, to reduce the investment in India in stages, the first step is to lay off a large area. At present, Xiaomi's employees have been laid off from 1,500 to 1,000, accounting for up to 30%. I believe that this is only Xiaomi's initial response, if India continues to be obsessed, Xiaomi's layoffs will continue to increase, which will increase the employment pressure of this group in a short period of time, and will also make them complain about India's practices.
Seeing Xiaomi's approach, there is news that Lei Jun will not invest in India. If Xiaomi really withdraws all of its irritability, then India will lose a very cost-effective brand, and other manufacturers occupy Xiaomi's share, which will also cause the cost of Indian users to buy mobile phones.
Xiaomi is already very difficult in India, and what is more worrying is the attitude of domestic users. Domestic enterprises encountered banditry when they went to sea, and domestic users also fell into the hole, thinking that Xiaomi deserved it. I don't know what kind of attitude these users have, is it that domestic enterprises are hindered from going to sea are all self-inflicted? And Xiaomi's 4.8 billion is only frozen, not to the point of confiscation. If Xiaomi takes a tough attitude, maybe India will change its own concept. What do you think about this?