India finally faced a counterattack, and Xiaomi launched a counterattack. However, Indian media said please understand our grievances

India has always been known as the destination for foreign enterprises. No foreign enterprise can achieve a complete withdrawal in India

India has always been known as the destination for foreign enterprises. No foreign enterprise can achieve a complete withdrawal in India. India's magical logic and laws have always been the number one enemy of foreign enterprises. However, India's vast market has always been a reason for companies from all over the world to invest in India. Among them, many Chinese companies have settled in India, including many mobile phone manufacturers such as Xiaomi and OPPO. But Xiaomi's experience this year has attracted people's attention. Now India is facing a "backlash" from Xiaomi, and the Indian media is letting us understand their grievances.

In the current development of mobile internet, India's huge market has attracted the attention of mobile phone manufacturers. Nowadays, in the hands of Indian residents, besides Apple, there are the most mobile phones in China. Many domestic mobile phone manufacturers have settled in India, including Xiaomi. However, Xiaomi's development in India can be said to be hindered by numerous obstacles, and its development was once constrained by India. From the initial change of management to the subsequent fines, Xiaomi suffered extremely serious losses in India.

Not long ago, India implemented penalties for Xiaomi, confiscating its 5 billion assets in India. Although Xiaomi responded to this, it was of no avail. However, this ticket has sounded an alarm for the entire Chinese enterprise.

Prior to this, Xiaomi had already paid a fine of up to 560 million yuan to the Indian government. Now, India has issued a huge fine again, causing huge economic losses for Xiaomi. However, a month after the incident, Xiaomi's countermeasures also came.

Faced with difficulties from the Indian government, Xiaomi ultimately chose to accept. 5 billion yuan of assets were confiscated by India, and Xiaomi Company was charged with violating "foreign exchange regulations". Despite strong denials from Xiaomi, this farce ultimately ended with India winning.

At a time when everyone believed that Xiaomi would choose to break even and eliminate disasters, Xiaomi's countermeasures finally came, and India will also pay the price for this. Recently, Xiaomi Company has taken a series of actions, all of which indicate the beginning of countermeasures against India.

According to information released by Xiaomi, the construction of factories in India will be suspended to reduce operating costs, and future expansion plans will also be suspended. In addition, Xiaomi India Company will carry out a round of layoffs, with a scale of around 500 people.

In the end, Xiaomi stated that it will temporarily plan recruitment in India in the future, and all currently ongoing recruitment will also be suspended. For this series of actions, Xiaomi claims to be aimed at reducing costs, but the actual purpose is self-evident.

In addition to Xiaomi's counterattack, India has also faced other companies' counterattacks, among which BYD is the most direct, which has also made India realize the seriousness of the problem. Not long ago, India and BYD reached an agreement to purchase 1000 new energy buses from BYD.

According to the convention of international cooperation, this type of business usually ships first and pays later, but India has paid 80% of the down payment, up to 1.6 billion yuan. The reason for this situation is because BYD insists that payment must be made before shipment can be made.

Although India has also raised doubts about this and stated that BYD has violated international trade practices, BYD has never wavered in this decision. The final result is obvious, India can only choose to pay 80% of the payment first.

And this is also the first counterattack by Chinese companies after India "sanctioned" Xiaomi. It should be noted that paying first is equivalent to handing over the decision-making power to BYD, which India does not want to see. Faced with the backlash from Xiaomi and BYD, India has started to pour out bitterness.

India has been greatly affected by Xiaomi's counterattack. It should be noted that foreign enterprises entering India can bring many job opportunities and promote economic development. Especially for large enterprises like Xiaomi, the economic benefits they bring are broader.

Nowadays, factory construction has stopped, accompanied by layoffs and job suspensions, which will have a huge impact on India, and local social problems will gradually increase. For this reason, the Indian media has gone against the norm and started to express India's grievances.

Indian media have expressed their hope that Xiaomi can understand India's concerns and that they will provide a better business environment for Xiaomi in the future. At the same time, Indian government officials have stated that the fine imposed on Xiaomi may be reduced in order to recover Xiaomi.

From this, it can also be seen that India's response to Xiaomi's measures is relatively strong. And the several countermeasures provided by Xiaomi have indeed hit India's seven inch mark. However, regarding whether India will fulfill its promise, Xiaomi also needs to take preventive measures.

epilogue

Faced with India's difficulties, Xiaomi's initial forbearance was waiting for this counterattack. We should be more cautious and cautious about the credit issues in India, and the cooperation between the two countries' enterprises should be win-win, rather than unilateral bullying and oppression, relying on the confidence of the strong dragon not to suppress the local snake to refuse peaceful coexistence.

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