Can India create an environment that encourages domestic innovation？

India's largest steel producer Jindal Southwest (Jindal Southwest) has announced that it has established a joint venture with China's largest automaker SAIC Motor India JSW MG Motor India。At the same time, rumors spread that SAIC may lose control of the brand and technology of the Indian joint venture.。In this regard, SAIC deputy general manager Zhao Aimin responded that the use of "control was robbed" to describe the incident is entirely to attract attention, this statement is not true。"Control is in our own hands and we will not let it go, it is clear.。"

Recently, the Indian government introduced its new automotive industry development policy, promising to invest at least $500 million, in three years to start domestic production of electric vehicle manufacturers to provide tariff concessions, India's Minister of Commerce and Industry Goyal confidently said that the landing of this new policy, will make India a "global manufacturing center" in the field of electric vehicles.。In terms of specific preferential tax measures, the policy stipulates that car companies that meet the requirements to build factories in India will be allowed to import up to 8,000 vehicles per year at a lower tax rate of 15%..Electric cars of $50,000 or more。

Eight years in a row, stock market capitalization fourth in the world, what is India doing right?。In fact, the Indian market is quite old-fashioned, and the degree of foreign investment openness is quite high.。Looking back at the Mumbai index over the past decade, the overall trend is indeed quite stable, except for two periods of volatility.。Take the Asian market Vietnam as a comparison, and all the way up the Mumbai index, if you describe the big A is as stable as an old dog, then the Vietnam index is a short-term fast speculation harvest.。So in addition to foreign investment, the Indian market still has its own fundamentals to support。Because their index components are more reasonable, the overall market trend and economic growth are almost proportional.。And the Indian market in 1992 to implement the registration system, to be listed on the Indian enterprises not only need to go through layers of checks, after listing also face a very strict regulatory mechanism.。In addition, the Indian stock market is fueled by their ambitions, the huge population makes India the world's most populous country, and the group structure is relatively young, for many foreign companies, this is a growing market, India has thus become the beneficiary of the industrial transfer.。Apple expands capacity in India, and even Tesla plans to enter the Indian super factory within two years。More importantly, India is also a big country to engage in geography to draw the object, so in recent years they have been in the international arena, the United States of America's strong support has also inspired India to promote Indian manufacturing to the world and the internationalization of the rupee's vigorous ambition.。So the Indian market, like India as a country, is actually taking the long-term route of fishing for big fish.。So let's really not look down upon India。

In an effort to diversify its global supply chain, Apple hopes that the batteries of the new iPhone 16 phones to be released next year will be made in India.。But Apple's desire also depends on whether its suppliers can keep up。According to two people close to Apple, Apple has informed its component suppliers that the company wants suppliers to preferentially source iPhone 16 batteries from their Indian factories.。Three people familiar with the matter said that Apple has encouraged battery manufacturers such as Desai Batteries in mainland China to set up new factories in India, and has asked Taiwan-based battery supplier Xinpu Technology to expand its production scale in India to cope with future orders.。"If iPhone 16 battery supply goes well, Apple plans to move more iPhone battery production to India."。"A person familiar with the matter said。

On November 30, AMD officially announced that it has opened its largest global design center "AMD Technostar" in Bangalore, India on November 28, local time. The park plans to hire about 3,000 engineers in the next few years, focusing on the design and development of semiconductor technology, including 3D stacking, artificial intelligence (AI), machine learning and other projects。Jaya Jagadish, head of AMD India, said: "The Indian Design Centre was established in 2004 with only a handful of staff.。Today, 25% of AMD's global workforce is based in India and supports AMD's leading product development, PC and embedded customers in data centers, gaming and more.。This new facility marks the next milestone in our growth journey and we will be a significant contributor to semiconductor advancements.。"

Foxconn is going to invest in India again。Less than four months after its last exit from India, Foxconn has spent another $1.5 billion to build a new plant in India.。Is Foxconn, which has withdrawn its capital for a while and expanded for a while, looking for a way out for itself?？I think the high probability of their operation is also due to Apple's backing.。Although Foxconn has fallen out of favor in the field of contract manufacturing in the past two years, it is still Apple's largest contract manufacturer and is reluctant to place large orders from Apple.。And Apple had already planned to take the iphone17 production line out of China and leave it to India to start research and development to help India expand its production capacity.。So Foxconn's new plant in India is essentially to meet the operational needs of Apple suppliers.。I don't think we can underestimate India, which is backed by the United States to enjoy the cool.。But India is really a magical land, the ten billion subsidy plan announced the year before last to draw so many pie for foreign companies, to now have not spent a penny。But even so, there are still many companies to seek cooperation。In fact, Foxconn has already opened a number of investment projects in India in addition to the planned new plant.。So for many companies, India is a growing market, and everyone is eager to get a piece of it.。But it may be because of too much favor, India has been a bit of a drift in the past two years, but be wary of the fact that India to undertake the industrial transfer of refraction is the United States to neutralize the long-term strategy, Apple's expansion in the Indian market corresponds to the shrinking of China's production lines.。In the past four years, India's exports to the United States have increased by 44%, while China's exports to the United States have declined by 10%, so don't underestimate India。

According to Indian media reports, Indian billionaire Narayana Murti reiterated in his latest statement that he wants young people in his country to work 70 hours a week voluntarily.。He pointed out in the conversation: "India is one of the least efficient countries in the world. If we don't improve our work efficiency, we will not be able to compete with countries that have made great progress.。According to the ILO, India's working hours are among the longest in the world, with an average of 47 per employee per week..7 hours, ranked seventh in the world, behind Qatar, Congo, Lesotho, Bhutan, Gambia and the United Arab Emirates。

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.。

According to media reports, Apple's Chinese supplier, Lixun Precision Industry Co., Ltd. (hereinafter referred to as "Lixun Precision"), has invested in an additional 3.$300 million, increasing its total local investment to 5.US $04 billion, the relevant departments of Vietnam's Beijiang Province announced the news on November 8。The investment plan immediately attracted the attention of several media outlets in India.。Indian media said that Lixun Precision had planned to use the investment to expand its business in India, but progress has been repeatedly hampered, and now the Chinese company has given up investing and building a factory in India, which is "India's loss, Vietnam's gain."。

According to Indian media reports, India's senior management of corporate affairs revealed that in the first three months of this year, the number of new foreign companies in India was only one。Although the United States has been vigorously supporting India and even wants to give the Apple supply chain to India, in the past five years, a total of 470 new foreign companies have been added to India, and 550 have run away.。It seems that India's business environment is really frightening.。Many established companies in Europe and the United States have not escaped, it is indiscriminate attacks, not to mention India's treatment of Chinese companies.。India is so suppressed, on the one hand, because its own strength is not hard enough, and on the other hand, the United States has played a role in it, for the United States, India is in addition to Vietnam, Mexico, the most able to replace China's production base, the past four years, India's exports to the United States increased by 44%, while China's exports to the United States fell by 10%。This makes India very excited.。How is India developing Made in India?？On the one hand, India has a huge deficit with China, by means of balancing the trade structure, and on the other hand, by imposing limits on Chinese companies and commodities to convey its demands, thus making compromises and concessions on certain issues.。It seems that India also wants to realize its dream of being a world power with its own manufacturing industry.。India should adopt an open and inclusive attitude to encourage foreign investment and cooperation。Through cooperation with foreign companies, India can learn from advanced technology and management experience, improve its own industrial level, and achieve long-term economic stability and sustainable development.。Only in this way can India really attract foreign investment and become a big country friendly to foreign enterprises。

Recently, reports of foreign companies divesting from India have been common, with Disney being revealed to have "pulled out" of its Indian business and Wistron selling its Indian business.。According to official data released by India, 2,783 multinational companies, including Ford and Foxconn, closed their operations in India in the past seven years, accounting for about one sixth of the multinational companies in India.。In fact, for a long time in the past, India was considered a "multinational enterprise cemetery," because India used various means to suppress foreign companies, including direct bans, asset penalties, raising tariff barriers and so on.。The Indian market has both charm and crisis, how to survive and develop in India, foreign companies need to develop appropriate market strategies and risk management according to their own advantages and objectives.。On the one hand, foreign companies need to make full use of the potential and opportunities of the Indian market, provide competitive products and services for different consumer groups and needs, and establish a good brand image and customer relationship.。On the other hand, foreign companies also need to pay attention to avoid and respond to the challenges and risks of the Indian market, abide by local laws and regulations, maintain good communication and coordination with local governments, society and partners, and adjust their business models and development directions in a timely manner.。

Japan's Sumitomo Real Estate is spending $3.3 billion on development projects in Mumbai to expand into emerging markets such as office buildings.。

Recently, an account called "HONOR Tech" posted that it would bring new news to the Indian market, which also triggered speculation about the return of glory to the Indian market.。In response to the recent rumors of restarting its business in India, Glory responded on August 22 that "Glory has been doing business in India through distributors and currently has no subsidiaries or plans to set up subsidiaries in India, and there are no technology transfer plans (including and not limited to the transfer of software and hardware, product and service management, etc.)。"The Honor side further stated that PSAV, as a distributor of Honor in India, is authorized to import and distribute Honor products in India and to conduct related publicity and promotion of the products, and may not use Honor's brand (HONOR, etc.) in any form beyond the distributor's authority.。India HONOR Tech is not a partner of Glory and has no relationship with Glory.。

On August 14, Liu Yangwei, chairman of Hon Hai Group, said in response to a question about the Indian plant plan at the second quarter online law conference that if the plan is fully implemented, Hon Hai Group's investment in India will reach billions of dollars, and this is just the beginning.。Liu Yangwei revealed that Hon Hai will produce key components in India in the future, and is also considering setting up an electric vehicle and chip factory in India。In addition, the Indian government has been actively promoting the development of electric vehicles and chip industries, and Hon Hai's investment will also help promote India's development in these areas。

According to media reports, the government of Karnataka state in southwestern India said that Foxconn, a major supplier of Apple, will invest in two projects in the state, totaling $600 million, for chip equipment manufacturing and iPhone case parts manufacturing.。It has signed a letter of intent with Foxconn, which will invest about 3.$500 million to invest in an iPhone case assembly plant in the state and invest about 2.$500 million for semiconductor manufacturing equipment projects。