Tuesday, December 6, 2022
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Chinese mobile companies disillusioned! Business closing with India, there will be loss of billions

New Delhi. Chinese mobile companies are constantly on the radar of income tax. In the past, Chinese giant mobile companies like Xiaomi, Vivo, Oppo A raid was conducted on the office of Indian government Chinese companies Oppo, Vivo And Xiaomi But investigating illegal tax transactions. Also, 300 Chinese mobile apps including Wechat, Tiktok have been banned by the Government of India in the last one year. Perhaps this is the reason why Chinese companies are getting disillusioned with India. In such a situation, Chinese companies are looking for a country other than India, where mobile phones can be manufactured. At the same time, some people believe that labor costs are increasing continuously in India, due to which Chinese companies are shifting their business to a country where labor cost is the lowest.

Turning towards these countries

According to the news of Global Times, Chinese companies are looking for Egypt, Indonesia, Bangladesh and Nigeria as alternatives other than India. Mobile manufacturing plants are being set up in these countries by Chinese companies. It is being claimed that Chinese companies are calculating business capacity, local policy and labor cost in these countries. Along with this, agreements are being made with the government there to set up manufacturing. India is expected to suffer heavy losses due to Chinese companies shifting manufacturing plants to other countries.

Annual mobile production will be 20 million
Let us tell you that a mobile phone plant is being set up by Oppo in Egypt at a cost of $ 20 million. The average annual production capacity of the Oppo plant is 4.5 million. It is estimated that more than 900 jobs are expected to be generated in Egypt in the next 5 years after Chinese companies set up manufacturing plants.

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