Can Foxconn's glory in India reverse the decline? High hats are not easy to take off!
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For the first time, India has awarded Foxconn CEO Liu Yangwei one of the highest civilian medals, according to ** reports"Lotus Medal"。India** also specifically noted that he is the only non-Indian on the list of winners. It's no wonder that India is trying to show the outside world and Foxconn itself how much it values the company.
In this regard, since this turmoil, India has been a foreign media analysis of Foxconn's investment in India twists and turns, and now that the two sides have this friendly move, people cannot think that Foxconn does not dare to turn around and leave the Indian market, so they must find ways to keep Foxconn in India, because India's investment environment is being criticized as deteriorating. I don't know if that's true or not, but India is now taking Foxconn very seriously at the national level.
As a result, some observers believe that Foxconn could make a splash in India.
Foxconn has in the past proposed a 19.5 billion yuan joint venture with an Indian company to produce semiconductor chips, but India has refused to approve the subsidy application for various reasons. According to market sources, it was difficult for Foxconn to easily obtain subsidies from India due to financial problems with the partners and the fact that Foxconn did not have a license to use the semiconductor technology of foreign companies. Now, India is clearly no longer willing to let Foxconn go, which is a positive sign for Foxconn.
But even if you raise your eyebrows now, you will inevitably be anxious afterwards. Moreover, Foxconn"High caps"The highest honorable person will not be able to leave if he wants to.
Foxconn's award is mainly due to the company's significant investment in India. In March last year, Foxconn planned to build a chip assembly and test plant in India with HCL. In November last year, Foxconn announced plans to invest 1.6 billion yuan in Apple's ** chain. It can be seen that whether it is in Apple's ** chain or its own semiconductor business, Foxconn has made a lot of investment in India.
Now that India has received such high honors, it is clear that it will not be in vain. Since Foxconn has shown such sincerity, follow-up companies will continue to invest funds. At that time, more and more money will be invested, and even if you want to withdraw, it will depend on the actual situation. After all, no one wastes time rooting and investing in a long-term chain. This is also one of the reasons why the domestic mobile phone manufacturers that are currently confirmed to be in a very difficult situation, but they have not retreated in a big way.
In addition to this, there is another point that should not be overlooked. In India, under the honour of this case, the parties can reflect on the fact that they have a set of incentives for foreign companies to invest in local companies. From this point of view, we can consider that in the short term, Foxconn's"Preferential policies"There will be more, and Foxconn will further cultivate the Indian market. However, in the face of objective facts, Indian investment in most cases begins with a polite introduction to the company and ends with inevitable investigations, fines and a series of operations.
But can Foxconn still afford it at this time? Therefore, the author wants to say, think'Wear a top hat'It's not easy to get out there.
In this environment, what message do you think India is trying to send to the outside world? Comment, like! And please share!