As a market with huge potential, India has been open to foreign companies in the past few years, attracting many Chinese companies to invest. However, a series of policies against foreign companies in India** have troubled many companies. These policies have not only seriously hindered the development of Chinese enterprises in India, but also caused many Chinese enterprises to suffer huge economic losses in India. Recently, however, a Chinese company, Luxshare Precision, gave a good example, choosing to cancel its investment plan in India and give up the opportunity to set up a factory in India. This time, Lixun Precision was finally no longer deceived by India's **, but directly moved the real character, giving India a dismount, which attracted widespread attention.
Luxshare Precision is a company focusing on the production of communication equipment parts, and enjoys a high reputation worldwide. For many years, Luxshare Precision has wanted to expand the market in India, however, India** has been obstructing its projects in India, constantly delaying the approval process, and rejecting the visa application of the head of Luxshare Precision to India. This series of actions has brought Luxshare Precision's investment plans in India to a near standstill. In the face of the deliberate suppression of India**, Luxshare Precision decisively decided to withdraw from the Indian market, shifted its investment target to Vietnam, and planned to increase its investment in Vietnam to continue to expand its production business.
Luxshare Precision canceled its investment plan in India, giving India a heavy slap in the face. India** had earlier promised to allow about 14 Apple companies from China to invest in India, but only if these companies were joint ventures. However, the initial approval of India** did not provide substantial assistance for Chinese companies to land in India, but instead made Chinese companies lose confidence in investing in India. Luxshare Precision's withdrawal from the Indian market has caused other Chinese companies to consider withdrawing from India and no longer regard India as the preferred destination for investment.
The reason why India** has adopted such a targeted policy is that it hopes to accelerate the development of its own economy through the investment of foreign companies. However, India** does not realise that the crackdown on Chinese companies by these policies will only cause them to lose their profits and credibility in the international arena. Against the backdrop of escalating tensions between China and India, India's crackdown on Chinese companies has caused dissatisfaction and disappointment on the Chinese side. However, all this is the result of India's own death, and it is not in a position to blame anyone else.
Lixun Precision's withdrawal from the Indian market is not only a response to India's shameless behavior, but also an encouragement and incentive to other Chinese companies. This move highlights China's determination to defend its own interests instead of compromising and tolerating India's conspiracy. Chinese enterprises will never be deceived and suppressed by India again, but will more actively seek other development opportunities and withdraw from the Indian market as soon as possible.
The impact of Luxshare Precision's withdrawal on the Indian market cannot be ignored. With the withdrawal of Chinese enterprises, India will lose the investment and technical support of many foreign enterprises, which will cause huge losses to India's economic and technological development. This is also the result of India's own failure to cherish and deliberately suppress foreign companies. China is no longer accustomed to India and will pay the price for India's actions.
Summary: India's crackdown on foreign companies has triggered a revolt by Chinese companies. Luxshare Precision chose to withdraw from the Indian market, giving India a disadvantage, and also encouraging the confidence of other Chinese enterprises. India's shameless behavior has not only caused Chinese companies to suffer economic losses in India, but also caused India itself to lose many investment opportunities. China is no longer compromising with India's conspiracy, but firmly defending its own interests, which is a warning to India's behavior. The withdrawal of Luxshare Precision will have a huge impact on India's economic and technological development, which is the result of India's own evil consequences. China will take more decisive action in the face of India and make India pay the price for its actions.