Seizing businesses when they become profitable in India is about the same modus operandi as taking over the top positions in big establishments in the West after they had been successfully groomed and steered by others who founded them. It is a faster way to make money of course, but now India is paying the price for its stunts that are now unravelling.
Suffice to say, India's IT services just catering to crunching information for Western entities is nearing the end of its tethers with AI doing it instead. The Western entities no longer go for India's IT personnel, knowing that Indian IT graduates have not the innovative spirit to handle cutting edge innovations. The facts speak for themselves - no Tik Tok, no Deepseek, no Ali Baba, no ByteDance, no Tencent, no Huawei, no BYD, no DJI, no space stations, no high-speed rails, just empty boasting.
Anonymous
Now that India is seeking a new lifeline by cozying up to China, one thing must be clear to China that extra care must be made to ensure Chinese investments, if they are to be made in India, are not going to be seized using investment and tax laws.
ReplyDeleteIndia needs investments to generate jobs for its population expansion and China can fulfil its needs. But the Indians must ensure that the former modus operandi of taking over or punishing successful and profitable foreign businesses with outdated and discarded colonial style laws must be discontinued in order to succeed. Will India change its stance? I am pessimistic, if India only looks to lure investments without putting in guarantees to ensure foreign businesses can thrive without uncertain security. Moreover, Trump will be there in the White House for just a little more than three years and the next President, (if there is even a need for one of what is left of the USA), may overturn the apple cart and lure India as a proxy to counter China again.
All in all, China must be extra careful dealing with a snake, with another bigger snake behind plotting how best to bite China.
You cannot change the DNA of snakes.
ReplyDeleteChina must continue with money up front when doing business with India. Never put in money first and let the Indians take everything like some silly countries are doing.
ReplyDelete