India removes ban to attract $42 billion in investment with $2.1 billion?
Lifting the embargo! India $2.1 billion in exchange for $42 billion in investment?
Two years on, India's business environment has been thoroughly developed"Destroy"In the past, India was the target of Chinese companies, but the PC ban in August this year humiliated the United States.
When India announced that the measure would"Immediately"When it came into effect, Apple, Dell and Lenovo forced India to back down.
Under pressure from the United States, India decided to postpone it for three months"Effective immediately"，"Save face"The time has come. At first, this decision was not expected, but no one would have imagined that India would impose restrictions on the export of personal computer products. However, no one would have imagined that India would restrict the export of personal computer products.
But in India, a new report has revealed the truth.
According to foreign ** reports, India has started again"Made locally"PC industry, invested 2.1 billion yuan, Lenovo, HP, Dell and other PC companies have submitted applications to build factories, and this bait has finally caught one"Big fish"！The bait was finally caught"Big fish"。
Since India announced a ban on the PC industry, many companies have abandoned their factories. Modi's team is a fickle people who are not afraid to take risks. India's PC market, which used to rely heavily on imports, is now in danger of forming a new industrial chain.
However, India's huge market is unsettling for many companies. According to reports in India, 22 companies have signed contracts worth a total of $42 billion so far, including big names such as Lenovo and Dell, much to the relief of many.
The reason why Modi's team is so eager is simple – US companies cannot invest in China and need to relocate factories, and India is the best option – and Modi certainly won't miss out on this great opportunity.
However, there is a major problem with India's manufacturing industry: even with Apple's strong support, the yield rate of parts and components is only about 50%, which is far below quality standards.
If this problem is not resolved, the patience of companies that set up factories in India will gradually run out, and they will return to Chinese mainland, which is not in line with the current strategy of the United States.
After Xiaomi's 4.8 billion yuan worth of assets were frozen, and BYD's 1 billion yuan worth of investment was rejected, Chinese companies completely lost confidence in India's business environment, and despite the support of the United States, even American companies could not survive without China's support, let alone India.
If you look at it from the point of view of the Indians, not from the point of view of the people who are investing in China, this kind of cooperation simply cannot be sustained, because on the surface it is 21 billion yuan, but in fact it is 4 billion or 2 billion yuan.