India is dissatisfied that Chinese companies have not fallen into the "trap"?The official announcement of 1 billion is gone
As we all know, India is also a large country with a large population, and in recent years, with the continuous release of India's demographic dividend, the Indian market has also attracted many international technology giants to develop in IndiaCompanies such as Apple, Foxconn and China's Xiaomi have set up factories in India, which has also greatly promoted the development of India's local manufacturing industry
It is worth mentioning that in recent years, although India has spared no effort to attract investment from the global market, the lack of India's business environment and the change of policies have made many enterprises investing in India do not get good returnsFor example, Xiaomi was frozen by India for more than 4.8 billion US dollars from our country, which is equivalent to the profit of Xiaomi in India for 10 years!
Over the years, there are not a few companies that have been fined in India, in addition to China's Xiaomi, as well as the United States' Google, Microsoft and other companies have been fined sky-high prices in India, which has also aroused the vigilance of many enterprises;Recently, India seems to be poaching Chinese companies again"pits", waiting for Chinese companies to step into this"Traps"；However, this time, Chinese companies have not obediently jumped in, and the Indian side has officially announced that it does not want to invest 1 billion!Traps"；But this time, Chinese companies did not jump in obediently, and the Indian side also officially announced that it did not want to invest this 1 billion!What the hell is going on here?
According to reports, the Indian part of BYD, a giant in the Chinese new energy field, has reserved 2 billion euros for new energy vehicle orders, and the Indian part only wants to pay 10% upfrontBYD disagreed, requiring India to pay for all orders in order to complete it;Obviously, BYD sees many Chinese companies gaining a foothold in the Indian market and does not want to fall into India's preset position"Traps"！"If BYD completes the order easily now, then it is very likely that it will not pay the subsequent 90% of the payment!
BYD did not want to take risks in the Indian market, and the Indian side soon changed its mind, saying that it would increase the advance payment to 80%;The reason why the Indian side chose to be soft is mainly because BYD plans to invest $1 billion to build a factory in IndiaI thought that this cooperation would be a win-win situation, but what people didn't expect was that the Indian side suddenly made an official announcement: BYD's $1 billion investment is gone, and the Indian side believes that BYD's construction of a factory in India will have investment risks, and India directly rejected BYD's investment request!
If India can attract BYD to invest and build factories in India, it is also an excellent choice, but I did not expect India to openly choose to reject BYD, which may be related to Modi's meeting with Tesla's Musk in the United States;Modi warmly invited Musk's Tesla to invest and build a factory in India, but he did not expect to refuse BYD from China, which will obviously further damage India's investment image in the international market.
In any case, India's rejection of BYD's request to invest in the construction of the factory is a huge loss;BYD's investment in India can not only drive the development of the local new energy vehicle market, but also promote the development and improvement of India's automobile industry chain, and provide a large number of local jobs and contribute huge tax revenuesHowever, India is unhappy that BYD has not jumped into the preset yet"Traps", BYD was turned away, which is undoubtedly more than worth the loss!