India lifts ban and attracts billions of dollars in investment!
India's money, India's money, my money, all my money, bring them back to my country"。After two years of policy, India's economic credibility has been greatly damaged, and many foreign companies have become wary of investing in India, and many companies have begun to withdraw from India.
According to previously released data, more than 3,000 well-known foreign companies have withdrawn from the Indian market since 2018. Wistron Group has invested in a factory in India to produce Wistron electronic products.
But problems in India forced them to withdraw from the country and pay more than 200 million yuan for Tata, which is located in India.
The reason why so many foreign companies abandon India is not only because of the imperfection of the industrial system and some hydropower problems, but most importantly, the policy of India** is quite arbitrary, which seems to be planting melons and getting melons, and planting beans and getting beans.
The decision came after a ban on personal computers in India, but was lifted after a startling three-month delay, which took everyone by surprise. This is undoubtedly a blow to PC manufacturers that have set up factories in India.
India has a large population, cheap labor and a huge market, so many well-known multinational companies have high hopes for India. Therefore, when India lifted the ban on personal computers, many PC manufacturers such as Asus, Samsung, Lenovo, and HP invested in India.
In August, after India announced a ban on PCs, many PC companies raised the issue strongly because of the India** announcement"Execute it now", to the surprise of many multinational companies. As a result, India was pressured to change the ban to three months.
It is worth noting that India has also invested 2.1 billion yuan to promote this ban at the same time as it was issued"Made locally"Any company that invests in India to build a factory will receive subsidies, which makes many PC manufacturers go to India to invest, according to the latest news, Lenovo, HP, Dell and many other PC companies, have submitted applications to build factories. Lenovo, HP, Dell, and many other PC manufacturers have submitted factory applications.
According to India, 22 companies have signed agreements worth a total of $42 billion, while India has attracted $42 billion in investment with just $2.1 billion in subsidies, according to industry insiders.
However, there are a lot of problems with PC parts in India, and the yield rate of foundries is not even 50%. Previously, India's local Tata company produced cases for Apple mobile phones, and the yield rate was only about 50%.
This also means that PC manufacturers looking to set up a factory in India must take into account product production and foundry levels, which is why many PC manufacturers are skeptical. Of course, India is also aware that although there are many foreign companies investing here, it will take time to improve the domestic industrial chain, which is also unknown.
Therefore, India has decided to lift the embargo on arms sales to China. While this measure can solve some of the problems in India's production and manufacturing chain, China is also an Indian market"Consumers"If the ban is lifted suddenly, foreign companies will definitely feel uncomfortable.
Annex. Either way"Punishment"Foreign companies, or temporarily change the ban, India may make some money in the short term, but in the long run, its credibility will be seriously damaged. In addition, India has already spent $21 billion on subsidies and defrauded the countries concerned of $42 billion, but what will happen in the future if these countries withdraw remains to be seen.
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