Foxconn is still intent on expanding in India with a
US$600 million investment in Karnataka. It is basically throwing good
money after bad! Apple and Foxconn's problems in India was all about
being able to find skilled workers for its ventures in India and how are
they going to overcome this is a mystery?
TSMC already faced
skilled workers problem in Arizona, having to move skilled workers from
its Taiwan base, only to find itself trying to solve the issue by
putting a square peg into a round hole. Taiwanese and USA workers are on
a different planet in working attitudes. Foxconn could do the same by
transfering skilled workers from Taiwan or China, but would the mainland
Chinese workers want to move to India? Moreover, the work attitudes of
Chinese and Indian workers will not click. One is hardworking, while the
other is laid back and slow moving like the Indian Government.
In
any case, moving big back to China for Foxconn is not going to be a
welcoming move by the Mainlanders now, and perhaps not a face saving one
as well. Others have taken over the void. Luxshare Precision Industry
Co. Ltd, a Chinese company has already been appointed as Apple's iPhone
assembler in China. Chinese skilled workers of Foxconn who were laid off
earlier have probably been absorbed elsewhere by now and will not be
coming back, knowing the uncertainties. New Chinese start ups with
skilled workers are probably waiting by the sidelines to fill the void
left by Foxconn.
Anonymous
India seized 4.8 billion yuan from Xiaomi, causing Xiaomi to work for nothing for 10 years, then froze over 100 bank accounts of Chinese enterprise Vivo. Winstron was attacked by Indian workers and production was forced to stop, and now they have already withdrawn from the Indian market.
ReplyDeleteInsiders have expressed helplessness, stating that doing business in India always means living in fear.
India now doing the same to BYD operations, again on the much used tax evasion reasons.
DeleteIf foreign companies still do not see this blatant piracy by the Indian govermemt, they deserve no better.
Even a 7% interest rate to be earned annually on Indian government bonds cannot compensate for the capital loss due to the annual foreign exchange slide of the Indian rupee. Whither Temasek and GIC investments in India?
ReplyDeleteActually, if you think carefully, India is following the USA's modus operandi in treating foreign investments, especially from China. Find a loophole, fabricate a narrative that it is related to the CCP, find Chinese traitors willing to vouch for such narratives in return for bribes running into millions, demonise those companies repeatedly and everything sticks.
ReplyDeleteIndia must understand it is in no way comparable to the USA in its mastery of fabrication. Iraq is one big clear example that the USA managed to pull off but paying a huge price in credibility. Such global subterfuge is clearly beyond the capability of India. Moreover, India does not have the international support, particularly from the Anglo Saxon White, clique, not to mention Japan, Taiwan and South Korea.
For India to follow in the footsteps of the USA is suicidal. India must not assume that being invited to the G7 meeting as observers is going to make them White. It is a fallacy which Japan harboured while it was still the second larget economy, trying to masquerade as Whites in Africa and Latin America. Now no one cares two hoots about Japan being whitewashed.
The American fabricated lies are nothing ingenious now clever. They are backed by the power of gangsterism and no one dare to call out their lies. Without the might of their military power, America would be a silly clown in the eyes of the world.
ReplyDeleteIndia want to do the same to China. China just did not have the time to whack their asses. But some silly Chinese companies deserved to be cheated until their pants drop, just like some in Singapore. Losing their pants and pretending all is well.
Who is so silly to want to invest in India to earn rupees and cannot take out? And be cheated and robbed?
“Made in India” but “Manufactured in China.” The BJP Indians are bluffing themselves.
ReplyDelete