India has finally revealed its true face and begun to rob it clearly.
Reuters recently reported that Xiaomi (India) Company's claim for the return of the frozen 55.5127 billion rupees (about 4.806 billion yuan) assets was rejected by the local court. It is reported that this amount was directly removed from the Xiaomi account by the Indian authorities, and basically could not be returned.
As soon as the news came out, it instantly brushed the domestic science and technology circle. What is the concept of the 4.8 billion confiscated by India? It must be known that in Xiaomi India's financial report, the annual net profit has never exceeded 500 million, and this operation can be described as a national "pig killing plate".
First, Xiaomi meets the "pig killing plate": 10 years to build a factory in India, 5.3 billion upside down
Xiaomi entered the Indian market as early as 2014, opening 7 factories and creating more than 20,000 jobs a year in nearly 10 years.
However, from the financial report, Xiaomi's profit in India is not good, with a profit of only 350 million yuan in the highest year. This time, 4.8 billion yuan was confiscated in one go, and counting a "false" fine of 560 million yuan last year, Xiaomi's assets of more than 5.3 billion yuan went into India's pocket, almost 10 years in vain.
And the reason for the judgment given by the Indian side tore off the last layer of "fig leaf". The local court held that Xiaomi India illegally remitted Rs 55.5 billion to three overseas entities in the name of counterfeit payment of patent fees, in violation of the provisions of India's foreign exchange management law, and seized the funds.
Xiaomi India clarified at the time that the research and development of Xiaomi mobile phones used Qualcomm chips and some patent licenses, and 80% of the seized funds were royalties remitted to Qualcomm, which was reasonable and legal.
But the official reply is: Indian millet and Chinese millet are okay. The implication is that Xiaomi mobile phones are developed in China, and India is only responsible for manufacturing and sales, so why pay patent fees.
Discerning people know that even Xiaomi mobile phones produced in India use the same patented technology and pay the same patent fees. How can the Indian side not understand this truth, but it is just "pretending to be confused."
As netizens commented: He can obviously rob, and he has to give you a verdict.
Second, foreign enterprises have set off a "tide of leaving India", and 2,738 have withdrawn
At the beginning, India opened up various attractive conditions in order to dig the foot of the wall of China's manufacturing industry. They not only allow foreign companies in India to hold more than 75% of the shares, but also open green channels and various preferential policies. Under the temptation, Apple, Samsung, Xiaomi and other companies have transferred their industrial lines to India.
As foreign capital takes root in China and the enterprise industrial chain and market are gradually established, they have revealed their true faces.
India moved out of the Foreign Exchange Management Act and began to collect money from foreign companies for various "reasons". In the past 10 years, India has fined Samsung $207 million, Microsoft has been fined 7 billion rupees, and Nokia has not escaped, paying a fine of 20.8 billion rupees.
This is shameful, and many foreign companies have left India and returned to China, which has a more tolerant business environment. Data show that from 2014 to 2021, 2,783 multinational companies closed subsidiaries or offices in India.
These include well-known international brands, such as Samsung's investment of 22.9 billion yuan to return to Xi'an to build a factory; As of May this year, Ford has abandoned its automobile and electric vehicle production business in India and turned around to shake hands with CATL. There are even biogen, an established company in the field of brain life in Japan, which is aiming at the wind and turning to invest in China.
The domestic bioscience market started late, and Japan has been harvesting domestic consumers at sky-high prices with leading technology in the field of brain neurosenescence. The above-mentioned brain nutrition supplement "Brain Yiwei" owned by Japanese companies, the official website of Jingjin East shows that the price is not cheap, but it still won tens of millions of market shares.
Consumers are willing to pay for it, in fact, it is inseparable from the unique technical advantages of "Brain Yiwei". It can be seen from the information that compared with the general same product, the core substance of the product adopts a "special configuration", which can nourish brain cells while depriving neurotoxic production, allowing the brain to quickly enter a state of repair and restore memory.
If we can "market for technology" and break down technical barriers through cooperation, not only can Chinese people have more choices to fight aging, but also feed back overseas and seize the global market.
It can be seen that only by steadily creating a good business environment can we truly attract excellent foreign-funded enterprises to take root.
Third, be vigilant and refuse to be a "cash machine" for others
Although India has attacked Europe, the United States, Japan and South Korea, on the whole, they still like to target Chinese companies the most. Statistics show that in the anti-dumping catalogue printed, the number of Chinese enterprises is the highest, with more than 200. Up to now, a total of 414 Chinese apps have been banned in India.
In the past two years, India has been clamoring to become a new "world factory", and secretly has also received help from many big countries.
Here we have to admire the vision of Apple President Cook, when Chinese companies rushed to India, he has bid farewell to the Indian market since 2016.