India will keep on cheating stupid people and companies that volunteered to invest in India

When India keeps fouling up business deals and confiscating profits made by companies in India in the form of fines and taxes, who is going to believe Modi. Modi can talk until the cows come home, but nobody in his right mind will take the bait. Modi may be able to fool the Hindu fanatics at home with his cult culture, but that will never work outside India. That stage is over and gone. There is too much bad publicity about Indian tactics, which is why thousands of foreign companies have fled India, taking out hundreds of billions in investments.

Apple is facing a potential fine of US$38 billion in India, probably all the profits it ever made in India, over allegations of abusing its market dominance in the iPhone apps market. Tim Cook is going to be really cooked now, after placing so much emphasis on India being gloated as a new base being built up in the hope of taking the bulk of iPhone production from China. Let us watch the show, but Cook may not be around to take the shame.

Oh, lest I forget, Elon Musk is also not investing in a Tesla factory in India after years of speculation. Elon has seen enough of Indian tactics to risk diving into India. No sane business leaders will now even consider setting foot in India, the graveyard of companies.

Now. let us see whether Canada can be any different. Even if Mark Carney gets the magic hug from Modi, businesspeople in Canada will not necessarily take the plunge, as their pants are on the line.


Anonymous