Modi has to inch in, and the $5 billion fine is an example, and foreign media have interpreted it in depth
Xiaomi has suffered a loss of $5 billion in India, which is a well-known thing. The methods of the Indians are very cruel and shameless, five billion US dollars, equivalent to Xiaomi's income in India for ten years, no wonder there is a saying circulating on the Internet: "India's money, Indians' money, can't get a penny back." The humorous tone is a shameless and shameless contempt for India.
In India, everyone knows that if you want to make money, you either lose money or lose money. Not to mention the official *** local bribery alone is enough to give businessmen a headache. India is the world's largest corrupt and corrupt country, and its business environment is also quite poor and can be described as chaos.
However, India's industrialization process has only just begun, and India is an agricultural country with a vast land, a population of 1.4 billion, as well as their youth, abundant labor and huge consumer market, all attracting a large number of foreign companies to invest in India. China has already done a miracle, and many people are prioritizing the possibility of India as the next China.
However, unlike the situation in China, many companies have suffered Waterloo in India not long after, and their main concern is India**, and they simply cannot meet their needs.
Xiaomi was fined, and India was even more ruthless.
Everyone knows that after being slaughtered, Xiaomi has been defending its rights in a legal way. However, India's officials did not announce the lifting of the investment ban, but instead set stricter conditions, including Xiaomi, OPPO, vivo and other Chinese smartphone manufacturers, the Indian branch of the CEO, CFO, COO, CTO, all of which should be held by Indians, rather than being selected by Chinese companies. As soon as this rule is finally implemented, all personnel must be adjusted immediately.
You know, for a multinational company, whether it is hiring local employees or recruiting from the local area, it is their own business, and India is not qualified to meddle at all, which is simply a big joke, and India seems to have thrown the most basic ** principles out of the clouds.
If India's plan succeeds, then China's multinational companies are really helping the poor, they first spent money to build a new production line, and then hired a group of Indian employees, and taught them their production technology, so that they became their top management, and their profits were also cut off by India. This series of actions made it clear to everyone how shameless and despicable this was.
Although most people think that India's behavior is despicable, some people believe that India is doing this to protect its country and make its company better developed. Regardless, India's move will undoubtedly have a significant impact on foreign investors, and these effects may exceed India's expectations.
The environment in which business is done is extremely bad.
India is the largest developing country in South Asia, and although it has a large population, it also has many characteristics of the country, such as high levels of corruption and extremely low work efficiency, which are all things that foreign companies investing in India must do.
However, compared to the above restrictions, India's economic development is India's biggest problem, and unlike other countries, it is difficult for India's to gain the trust of foreign investors because their policies have changed a lot. Secondly, the exploitation of foreign-funded enterprises in India is also reflected in their products.
In addition to Xiaomi's affairs, India has also grabbed a lot of foreign-funded companies from Intel and Qualcomm, and even China's glory has chosen to leave India because India's economic conditions are too poor.
In addition, India has always had many people accuse foreign companies, such as India, the funds of foreign companies must be supervised by the Central Bank of India, and the shares of foreign companies have also been greatly controlled.
In addition, India** also forced foreign companies to open their technology to India for free, and recruited local workers, trained local workers, and now, even the company's top management must hire Indians, such a rule, looking at the world, is also unique.
India** has put forward higher conditions, more restrictions on foreign companies, coupled with India's economic conditions have not been very good, attracting more foreign investment, Xiaomi's collapse is a good example. If India really wants to reproduce China's "myth", then it must allow foreign businessmen to gain a foothold in them, otherwise they will not be able to do anything.