India lifts the ban and attracts 42 billion yuan of investment, the goal is achieved?
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India's population is growing rapidly, but this is not a good thing for a resource-poor country like India. When resources cannot meet people's needs, the "demographic dividend" is more of a burden than a transformation. India's strong manufacturing capacity has attracted foreign companies from India, but it has also triggered a ban on personal computers, spending 2.1 billion yuan versus 42 billion yuan.
India's ambitions.
Already the world's most populous country, with a huge workforce and huge market potential, India is gradually revealing its manufacturing ambitions. Indian Prime Minister Narendra Modi wants to surpass Germany and Japan to become the world's third-largest economic power after the United States and China.
India is the fast-growing smartphone market in India, which has led many world-renowned brands to choose to build factories in the country. Launched in India**"Made in India"The scheme aims to set up production plants for foreign companies in India to facilitate the export of products to the domestic market and to other countries.
However, those who are familiar with India will understand that India is a country that is good at bringing companies here, and when they get bigger, they will build bridges and pave the way, whether it is to raise funds or to evade taxes, they will put the blame on foreign companies. Chinese mobile phone manufacturers such as Xiaomi, ivo, and OPPO have been removed from India.
India is now the hegemon of the PC market, and since August last year, it has regulated laptops, desktops and tablets imported from abroad. Only by setting up a factory in India can you avoid regulation. Only by setting up factories in India can regulations be bypassed, and India** will also come up with a subsidy of 20 billion yuan.
However, India subsequently lifted the ban, so Indian PC shipments in the third quarter of 2023 stood at 4.5 million units, up 14% compared to the same period last year. At this time, all PC manufacturers realized that the Indian market has great potential for development, and their factories in India can get a huge piece of the pie without being restricted from imports like India.
Has India achieved its purpose?
India has benefited from its population growth by attracting more large foreign companies to build factories in India through strict import controls and huge subsidies to boost its manufacturing sector. From the steps taken by some of the giants in the PC industry, it can be seen that their hearts are shaking.
Lenovo, Hewlett-Packard, and Dell are said to have submitted applications to 22 companies to set up a PC factory in India, with a total investment of more than 42 billion yuan. Has India achieved its goal of attracting foreign investment to set up factories?
Because they have advanced production and management experience all over the world, they are able to bring their experience and skills back to India. This will help India to raise its technological standards and enhance its competitiveness. Theoretically, investment by foreign companies can boost India's manufacturing sector, but it is not easy to implement in practice.
In the beginning, India was able to maintain its enthusiasm for foreign investment, such as giving land, such as subsidies. However, over time, once the foreign company wins, India will repeat the same trick and impose fines on the foreign company in order to save the money.
If India does this, sooner or later it will mess up its job and leave a mess behind, not to mention the manufacturing industry.
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