Likewise, businesses now knows India can never be trusted as well. After working their butts out, making a success of their investments, the snakes wants to wriggle in and take control.
And both work on the same principle of creating false accusations against companies they have an eye on, either to take over or take down. Does that give a clue as to how Indians climb to the top of successful Western multinational companies?
USA will use the national security issue against those companies they could not compete successfully against. Toshiba of Japan and Alstom of France were suppressed by the USA for competing too well against USA companies in the same field and are perfect examples. Likewise Huawei, Xiaomi, DJI and Tik Tok were outcompeting the USA's domestic home grown companies and had to be suppressed using frivolous claims.
India is now using tax issues to force companies to cede control to Indian partners or face prosecution. More and more Chinese and Taiwanese companies are moving out of India after investing much money to set up and grow their business, only to be accused of tax issues, smacked with steep fines and forced to be taken over control by domestic Indian companies.
Anonymous
4 comments:
India has showed that it will not hesitate to weaponize other countries' investments just like the US would not hesitate to use the US dollar for hegemonic dominance.
Singapore's foolish outsized investments in India will surely be vulnerable to coercion by the Indians to bend the little red dot to the snaky Indians' will.
Singapore's investment is for the long term, 100 years or more. So got plenty of time to wait. Anyway, Indian laws, profits cannot be taken out. So to do what with the profit? Reinvest in India? What is the difference between being confiscated or being stuck in India and becomes Indian property?
Singapore is doing the opposite of de-dollarization and de-Indianization, raising its US Treasury holdings and upholding its position as top foreign investor in India every year. OPM money !
Singapore is doing such investments because it has multi million dollar extraordinary super talents doing the investments. No need to worry. Investing OPM is great fun. Full of risks, full of opportunities.
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