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India’s Ratan Tata buys interest in Chinese phone builder Xiaomi


MUMBAI (Reuters) – Ratan Tata, authority emeritus of Tata Sons has bought an vague interest in Chinese phone builder Xiaomi, a Xiaomi association matter pronounced on Sunday.

“Mr. Tata is one of a many well-respected business leaders in a world. An investment by him is an confirmation of a plan we have undertaken in India so far,” pronounced Lei Jun, owner and arch executive officer of Xiaomi.

“We are looking brazen to bringing some-more products into India,” he said.

(Reporting by Neha Dasgupta; Editing by Clara Ferreira-Marques)

Article source: http://www.reuters.com/article/2015/04/26/us-indian-company-tata-sons-idUSKBN0NH04S20150426

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