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Lixun Precision Abandons Printing 3.300 million US dollars investment plan, to Vietnam investment?

Recently, according to Indian media reports, as one of Apple's largest foundries, for nearly three years, Chinese company Lixun Precision has been trying to expand its business in India and hopes to invest in a factory in India to assemble Apple mobile phones.。However, India's attitude towards foreign investment has led Lixun Precision to dismiss plans to build a factory in India and instead add an additional 3.$300 million investment to expand production in Vietnam。This is the second well-known Chinese company to do so recently.。As early as 2021, BYD also tried to expand its presence in India, but the status of a Chinese-owned company has stymied India's Foreign Direct Investment Authority.。Finally in May this year, BYD announced that it would shift to Vietnam, investing more than 1.800 million U.S. dollars for the production of electronic components, compared to India's attitude towards foreign investment, Vietnam is a completely different look, choose to pragmatic money。India has always been known as a foreign-funded harvester, despite having the world's largest consumer potential market, but India makes money India spends, a separate investment environment that wants to take home has made many foreign companies back down.。In addition to foreign companies that have not yet entered the Indian market, those that are already in the Indian market are also mixed in their hearts.。Predictably, if India does not change its attitude towards foreign companies, it will only see more and more foreign companies leave India, and Modi's Made in India will become completely empty talk.。

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