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India has exterminated Chinese companies and cut off Chinese projects at any cost, and it seems to be a foregone conclusion that Chinese companies will lose India!
India is worthy of being called the "cemetery of foreign capital" and "investment black hole", no matter if you are one of the hundreds of top companies in the world, as long as you come to the Indian market, you will inevitably be skinned and peeled off by India, eaten and wiped clean, and the main theme is a "India makes money and Indian flowers, and wants to take them home".
As for Chinese companies in India, they are particularly targeted, and even the projects that have won the bid have been forcibly cut off by India.
Sri Lanka broke the contract
Recently, India has been making more and more provocative moves against China, not only seizing merchant ships from the mainland bound for Pakistan, but also daring to send troops to disputed areas between China and India.
A Chinese company, when it was clear that it had won the bid for a new energy project in Sri Lanka, even made Sri Lanka unilaterally break the contract and hand over the project to India because of India's pressure and coercion.
Not only that, but Sri Lanka has also refused to allow Chinese ships to dock under pressure from India.
You must know that the mainland's scientific research ships have been cooperating with Sri Lanka for many years, and the mainland has not assisted Sri Lanka in recent years, and even after Sri Lanka went bankrupt last year, we also helped Sri Lanka win international grants and gave Sri Lanka the green light.
However, just because India has repeatedly slandered China's scientific research activities in the Indian Ocean, which will "pose a threat" to India's security, Sri Lanka has no choice but to succumb to India's coercion and reject Chinese ships.
This also shows how strong India's sense of competition against China is.
The reason why India has such a hard time with China is that China has the Qinghai-Tibet Plateau, a condescending strategic highland, and its geographical location is vast and rich in resources, which makes India feel full of crisis.
This is also why India is constantly stirring up trouble on the Sino-Indian border and trying by all means to take advantage of our Tibetan territory.
Second, because India feels that China has stolen its position as the leader of the third world, and has been beaten to the ground by China in history, India has always hated China and hopes to improve its international status by surpassing China.
Therefore, India is clamoring to replace China as the world's factory, and even shamelessly claiming to be the world's largest democracy.
However, if India wants to rely on its own strength and legitimate means to surpass China, it is tantamount to a dream.
As a result, India is gone forever in all kinds of crooked ways of openly competing and stealing, and frantically cutting leeks from Chinese enterprises.
In 2014, since Modi advocated "Made in India", our famous Chinese enterprise began to make every effort to expand the Indian market.
At that time, the Indian market already had the slogan of "foreign capital cemetery", and many foreign companies came to India, but the end was a feather and a feather. Even the famous Wal-Mart and Amazon, when they come to India, they will only be slaughtered.
But a certain rice just does not believe in this evil, a certain rice, as a representative of Chinese enterprises, quite conscientious and "Confucian businessmen" style, at this moment still naively believes that the reason why so many foreign companies have been pitted by India is because these foreign companies do not really support the development of India, as long as they are sincere and sincere enough to India, they will be able to impress India, so as to have something in return!
However, the reality is that India is a white-eyed wolf that cannot be fed, and Chinese companies are kind enough to help India develop, but India is back-cutting the leeks of Chinese companies!
After coming to India, in order to show enough sincerity, a certain rice not only tried to use India's local supply chain, appointed Indian executives, and hired Indian employees, but also set up seven factories in India, creating more than 20,000 jobs for India.
Even in 2017, a certain rice said that in the next five years, it would invest one billion dollars in 100 startups in India to build an application ecosystem around smartphones.
And this means that as long as it continues, India can form a complete Indian manufacturing system through the mobile phone supply chain that a certain meter helped build.
But when the Indian government saw that a certain rice was making money at home, it couldn't help but be envious and jealous for a while:
Chinese companies have suffered a tragic setback in India
In 2017, a certain rice became the number one mobile phone brand in India.
In 2020, a certain rice ushered in the first year of the highest profit in India, directly earning 350 million yuan!
In 2022, the market share of a certain meter in India will reach an astonishing 20%, which means that at least one in five Indians is using a certain meter mobile phone...
After all, since India's independence, no foreign-funded enterprise has been able to make money in India! However, this record has been broken by a certain rice, and the Indian government can bear it?
India's logic is very simple, that is, as long as I don't get to you, then I will suffer!
It's impossible to win, only I can win!
Soon, a certain rice suffered the biggest Waterloo in India.
I saw that the Indian regulator said "you illegally transferred funds to foreign entities", and forcibly confiscated up to 4.8 billion yuan of assets of a certain rice in India.
What is the concept of 4.8 billion yuan? It is equivalent to six times the total profit of a certain rice in India in nine years!
4.8 billion yuan was confiscated, not only did a certain rice not earn a penny in India, but also lost to seven factories in India, as well as countless investments and supply chains.
Although a certain rice's response was neither humble nor arrogant, and it was reasoned and argued, as we all know, with India's cheekiness, there is a high probability that this money will not come back.
And the loss of a certain rice in India is actually far more than 4.8 billion, as early as the beginning of 2022, India used various reasons to find a certain rice to recover about 570 million taxes, and the two were superimposed, and a certain rice actually lost 5.4 billion yuan in the Indian market!
Not only that, India also requires the rest of the Chinese companies in India to appoint Indians to the top positions such as chief executive officer, chief operating officer, chief financial officer, and technology officer, which is simply a clear attempt to pick up a ready-made Chinese bargain.
However, even if it has been cheated by India, a certain rice does not seem to have any intention of withdrawing from the Indian market, why is this?
To put it bluntly, it is because a certain rice has contributed too much to India and has too much investment in India, if you really want to withdraw from the Indian market, the loss will only be greater than the 5.4 billion yuan, so a certain rice is equivalent to being completely welded to the Indian market.
All in all, when it comes to dealing with foreign capital, India has more ways and means to make foreign capital lose money, even if the current law can't clean up these foreign capital, India can also formulate laws to clean up foreign capital!
A more classic battle is the battle between India and Coca-Cola.
Since Coca-Cola came to India in 1957, it quickly occupied more than 70% of India's beverage market, making a lot of money.
The Indians immediately began to take a magnifying glass and frantically pick at Coca-Cola, trying to grab Coca-Cola's pigtails in every possible way, so as to use this as an excuse to frantically pick wool.
Coca-Cola, however, has been truly impeccable, leaving India with no fault in the slightest.
Could this make India give up on bringing down Coca-Cola? Obviously not.
Soon, India introduced a foreign exchange management bill that required any foreign company that wanted to operate in India to surrender 60% of its shares to India.
In the face of such an overlord clause, Coca-Cola was naturally unconvinced, and immediately joined forces with 50 other American companies in India to fight with Indian companies, but they did not win for three years, so they had to choose to withdraw in 1977, which also means that all the investments, equipment and factories of these American companies in India were all given to India in vain!
However, soon India couldn't laugh, because when they found out that in this way, they were so frightened that there were no foreign companies at all, and they dared to invest in India, and the sheep were gone.
As a result, India had to relax its strict restrictions on foreign companies in 1991 and change its ways.
Seeing this, Coca-Cola immediately healed the scar and forgot the pain, and immediately returned to the Indian market strongly, this time Coca-Cola, just like a certain rice now, made a big deal in India, providing at least 30,000 jobs for India, and making a lot of money.
At this time, India pinched its fingers and felt that the harvest time was ripe, so it immediately filed a complaint and sued Coca-Cola to the Supreme Court of India, saying that the pesticide content of Coca-Cola exceeded the standard by 140 times!
India immediately demanded that Coca-Cola pay a fine immediately, otherwise Coca-Cola would be banned from continuing to sell in India!
Why is India like this?
Coca-Cola was naturally not convinced, and argued with the Indian government, saying that it had the ability to let testing institutions other than India test, and it would never be able to detect pesticides.
However, India insists that testing institutions other than India have been bought by Coca-Cola, so they can only be tested in Indian institutions!
In this way, the two sides argued with each other for a long time, and finally the Indian government put forward a request: let Coca-Cola show the formula to India to prove that there are no pesticides in it.
Now, Coca-Cola finally understood India's true intention for doing this, that is, to want his top-secret formula!
What it means to hand over the recipe is naturally self-evident. Therefore, Coca-Cola refused to agree to anything, and finally handed over more than $4 billion in public relations expenses to India, and only after it was worn out and a layer of skin was peeled off alive did the "pesticide-gate" incident be put to rest.
But even so, Coca-Cola was rumored to have released pesticides, which still had an extremely negative impact on the brand, and for a long time, Indian farmers even actually bought Coca-Cola instead of pesticides, just because Coca-Cola is cheaper than pesticides.
Even worse than Coca-Cola is Vodafone, the largest telecom operator in Europe, which was also involved in India.
At that time, India was vexatious, and the tax bureau had to pay Vodafone an additional $2.6 billion in taxes, Vodafone was naturally not satisfied and began to file a lawsuit with the tax bureau, and the Supreme Court went through the Indian tax law from beginning to end, and did not find any regulations related to Vodafone's violations, so the tax bureau had to rule that the tax bureau lost the lawsuit.
The Indian Revenue Authority immediately exploded, wondering how it could still fight a lawsuit on its own territory and be defeated by a foreign company? Soon, the Indian Revenue Authority issued a new legal provision against Vodafone, and once again sued Vodafone to the Supreme Court.
Vodafone was still bold this time, saying that you just enacted the law, how can you manage my transaction a few years ago?
The Indian Revenue Authority, which was embarrassed and angry, changed the relevant legal provisions to the regulations that can be traced back 50 years, not only that, but Vodafone's fine has also doubled from $2.6 billion to $5.1 billion!
It can be seen that when foreign capital meets India, that is, the show meets the soldier, and it is unclear that it is reasonable, no matter how legal and compliant the foreign-funded enterprises are, for India, it is my territory, and I am in charge, and I can grab it if I want to!
It can even be said that suppressing foreign companies and collecting huge fines has become the Indian government's "way to make money", because whenever the Indian government is financially tight, foreign companies in India will inevitably be suppressed, which shows the short-sightedness and greed of the Indian government.
Because the suppression of foreign companies will not only damage the interests of foreign companies, but also greatly reduce India's own credibility, thus affecting India's long-term benefits.
Think about it, we all know that India is a white-eyed wolf in a black hole of investment, but in the future, which enterprise will dare to make a big investment in India with sincerity and sincerity? And without the investment of foreign enterprises, how can India be able to develop the economy by relying only on its own lonely family?
Therefore, India's "pig killing" operation of foreign companies is bound to suffer a more serious backlash, and the so-called "Made in India" and "Indian semiconductor" plans can only be reduced to empty talk after all.
As for surpassing China, it is a pipe dream, because China has always been open and equal, win-win cooperation, and honest management of foreign investment, so it is naturally more popular with foreign companies.
But at the same time, it is hoped that Chinese companies can learn more lessons and not repeat the mistakes of a certain meter.