- Xiaomi invests 3500 crore in India.
- Could enter into white goods business.
- To expand company-owned Mi Home retail stores.
At a time when there is an anti-Chinese product wave prevalent in India, Chinese tech giant Xiaomi has pumped Rs 3500 crore into the country. According to The Economic Times, this is the highest investment ever made by the company in India and could be used to enter the white goods sector, which includes water purifiers, washing machines, laptops and refrigerators. Further, some amount of the sum will reportedly be used to expand the reach of Mi Home retail stores.