It is unlikely that after the attitude of India towards
Chinese companies, Chinese investments would still want to go to India
as most people seem to think, except probably Red Dot that has a
particular fondness for India.
I believe companies like Xiaomi,
which first invested in India in July 2014, about ten years ago, was at
all aware of the difficult situation it would face recently doing
business in India, by having issues regarding tax matters, probably
under laws legislated retroactively to punish it.
Investors need
to have bad experiences and precedents to become aware of the risks
involved in investing in India. Now that they know, Chinese investors
are not that foolish to continue pouring money into India and taking
such risks. Those that were already there, making the most of a bad
situation is the only alternative. They can divest in time when
opportunities arise.
Anonymous
Erh, Red Dot is not Chinese, right?
ReplyDeleteMany believe Red Dot is already Little India. Little India investing in big India sounds alright leh!
ReplyDeleteWhen cheated the first time, you are just being too honest and trusting.
ReplyDeleteWhen cheated the second time, you are being stupid.
When cheated the third time, you are stupid beyond hope.
Singaporeans are not Chinese, maybe angmoh or no race.
ReplyDelete