India wants to be the factory of the world and cut leeks? Foreign capital harvesters wash away!!!www.deekpay.com
## India's "world factory" dream is shattered: foreign capital harvester, leek cut non-stop!
India wants to replace China as the world's factory, many developed countries have high hopes, that it will go back to China's development path. However, this is really a big joke!
India's "foreign capital harvester" title is not for nothing, how many companies in India has been reduced to "kill the disc", even the strength of Apple can not escape India's "fetishism". The company's strength, even Apple, can't escape India's "fetishism". India wants to become the world's factory, is simply a fool's errand!
Many companies think that moving factories to India can replicate the success of China, is really ridiculous and childish! In addition to the risk of being harvested, India's poor quality production processes and the phenomenon of leaking unreleased products is also enough to make these companies drink a pot of water.
Look at these companies "harvested" by India:
millet: since 2020, the Indian government to strengthen the review of Chinese enterprises, resulting in millet Indian assets were frozen, 680 million U.S. dollars in funds were confiscated.
Vivo: In order to meet the Indian government's localisation requirements, Vivo's Indian subsidiary is in talks with the Tata Group to acquire a majority stake.
Apple: With India's "harvesting" of Chinese mobile phone brands almost complete, Apple will be the next target.
Google: India's antitrust regulator fined Google 9 billion rupees ($790 million) and asked it to allow app developers to use third-party payment services.
Amazon and Flipkart: Amazon and Flipkart, Walmart's e-commerce platform, have both been investigated and heavily fined by India's antitrust agency.
This is just the tip of the iceberg, there are many other companies have also been "poisoned" by India. According to statistics, as of August 2022, 2,783 foreign enterprises have withdrawn from the Indian market, which is enough to show that India is a veritable "foreign investment graveyard".
The short-sighted behaviour of the Indian government not only harms the interests of foreign-funded enterprises, but also destroys the future of the Indian market.
Recently, the Indian government blocked the Apple factory, and threatened to confiscate all the equipment in the factory, even including Apple 16 accessories that have not yet been produced. The reason is that the quality of mobile phone accessories produced in India is so poor and the scrapping rate is so high that there is no market for them. India's reputation is also extremely poor, and many enterprises are facing the risk of not being able to recover their final payments.
Foxconn chose to return to Zhengzhou precisely because it suffered a big loss in India. After suffering heavy losses in the US and Indian markets, Foxconn finally understands that China is still the best choice. China's manufacturing level and environment is not any country can be easily copied, India and then 50 years of development may not be able to reach China's current level.
When the world's manufacturing supply chain is once again focused back to China, we should renegotiate the price for Chinese workers. China's supply chain competitiveness is no longer about cheap labour, but about being 30 or 40 years ahead of the world, as well as decades of investment in infrastructure such as power, networks and roads, and the world's most highly qualified, efficient and innovative industrial workers.
India wants to become the world's factory, only in the desert to find the lamp wishing, and on the way there will also plant a big heel. China is the future of global manufacturing!