The United States abandoned India and switched to Vietnam, and the Modi policy suffered a setback!
India has been courting Chinese mobile companies as a way to show goodwill to the United States, but now American companies have changed their minds and invested money in Vietnam instead of India, which in turn is to Modi"Made in India"The idea brought a new shock.
India presented in 2014"Made in India"At the time of the project, India's manufacturing industry was still in the development stage, but since then, companies such as Foxconn have claimed to have invested in India, but they have been delayed until 2017, when a Chinese mobile ** company and Foxconn set up a factory in India, and India's manufacturing industry was revived.
Foxconn and Apple joined forces to set up a large factory in India in 2019, followed by Wistron, Wistron decided to give the production base in China to Langke, focusing on India, but unfortunately, Wistron is in the most difficult situation in India, in just two years, Wistron was acquired by a large Indian group, and in 2023, Apple's authorization of iPhone 15 accounts for only 1% of iPhone 15, so to speak, Wistron has largely withdrawn from the Indian market entirely. Wistron has largely withdrawn from the Indian market.
In recent years, India's continuous crackdown on Indian products has made Chinese mobile phone manufacturers miserable, resulting in the development of Chinese products in India has been hindered, and next year, when Samsung's products surpass Chinese products back to India, it is clear that India has lost its use value.
India may now have some production bases, or maybe it doesn't use Chinese mobile devices at all, and India is also considering whether to develop a new technology, like a semiconductor industry, they have offered a price code of 10 billion US dollars for American semiconductor companies to build factories in India, and India is hoping that American companies will come to India to build factories.
Now, 15 U.S. chip companies have invested up to 8 billion yuan in Vietnam, showing that the U.S. chip industry has a higher attitude towards Vietnam than India, so India is likely to make more estimates of the Vietnamese market.
First of all, India lacks basic industries, India can't even complete the most basic assembly industry, after Foxconn built a factory in India, the iPhone 15 can only be produced by 50%, which makes European and Chinese customers shy away from the iPhone 15, and finally had to return, forcing Apple to declare that it will sell all the iPhone 15 produced in China to Europe and China.
Second, India is imitating American companies, which is a cause for concern. A few years ago, India promised Wal-Mart and Amazon a lot of benefits, but both Amazon and Wal-Mart invested heavily in India, while the Indian conglomerates pursued them, and India also punished Amazon and Wal-Mart, making American semiconductor companies start to worry about India's credit.
India's targeting of China Mobile has yet another damaging of India's reputation as a "haven" for foreign investment. India's move has seen India weed out more than 1,700 foreign companies between 2022 and the first half of 2023, with about 1 3 coming from India.
Third, what India lacks is technology, although India also has a lot of excellent technical personnel, but most of them have flowed to the United States, because the semiconductor industry has a very large demand for senior technical personnel, and those senior technical personnel who originally worked in the United States in India do not want to return to India, so American semiconductor companies do not want to invest in India, and even Micron Group originally planned to invest in India, but now, it is just an empty word.
It can be said that compared with American companies, India's attitude towards China's mobile devices is more worrying for American companies, because the United States' large investment in Vietnam has become the "iron" mentioned by Modi, and the high-end manufacturing industry is still far away for India, but India's assembly industry can introduce it to India, I wonder if India will change its attitude towards Chinese products?