Chinese mobile firms plan to set up plants elsewhere amid India crackdown

[beijingwalker]

Chinese mobile firms plan to set up plants elsewhere amid India crackdown​

• IANS
• Stock Market News
• 2022-09-17 13:15

New Delhi, Sep 17 (IANS) Amid India's escalating crackdown on Chinese companies, China-based smartphone brands are now planning to set up manufacturing plants in countries like Egypt, Indonesia, Bangladesh, and Nigeria, according to a Global Times report.

The report, citing a Chinese executive based in India, claimed that companies will evaluate bilateral ties, market potential, preferential policies and labour costs to set up manufacturing plants elsewhere.

OPPO is going to set up a $20 million mobile phone plant in Egypt.

"OPPO's memorandum of understanding with the Egyptian government to set up a $20 million smartphone facility may be a pacesetter," the Chinese executive told Global Times.

The OPPO plant's production capacity is scheduled to reach 4.5 million units annually, according to a statement from the Egypt's Council of Ministers this week.

The investment will contribute to creating 900 job opportunities over the next three to five years.

"The management in Chinese smartphone brands in India felt a palpable sense of being squeezed by the Indian government's crackdown and its (protectionist) actions to improve domestic companies' capability to make sophisticated electronics such as smartphones," the executive was quoted as saying.

India has stepped up its crackdown on Chinese firms over the years.

The Indian government is looking into cases of alleged tax evasion by three Chinese mobile companies -- OPPO, Vivo India, and Xiaomi.

The companies were served notices by the Directorate of Revenue Intelligence (DRI) for duty evasion.

India has also banned more than 300 Chinese apps, including Tencent's WeChat and ByteDance's TikTok.

The country is now bolstering its domestic smartphone and chip manufacturing sector.

The Gujarat government has partnered Vedanta (NS:VDAN) and Foxconn, aiming an investment of Rs 1.54 lakh crore to achieve self-reliance in the field of semiconductor manufacturing.

Tata Group is also reportedly in talks with Taiwan-based Wistron to ramp up iPhone production capacity by 500 per cent in the country.

Chinese mobile firms plan to set up plants elsewhere amid India crackdown

Chinese mobile firms plan to set up plants elsewhere amid India crackdown

in.investing.com

 

[beijingwalker]

Chinese smartphone manufacturers intend to establish manufacturing plants in Egypt, Indonesia, Bangladesh, and Nigeria​

WORLDBUSINESS
On Sep 17, 2022

According to a Global Times report, Chinese smartphone brands are planning to set up production plants in countries such as Egypt, Indonesia, Bangladesh, and Nigeria, despite India’s rapidly increasing cracking down on Chinese companies. According to the report, which mentioned a Chinese executive based in India, said that companies will consider bilateral ties, market potential, preferential policies, and labor costs when deciding where to locate manufacturing plants. OPPO plans to build a $20 million mobile phone factory in Egypt.


“OPPO’s memorandum of cooperation with the Egyptian government to establish a $20 million smartphone infrastructure may set a precedent,” said the Chinese executive to Global Times. According to a statement issued by Egypt’s Council of Ministers, the OPPO plant’s annual production capacity is expected to reach 4.5 million units. Over the next three to five years, the investment will help to create 900 new job opportunities.

Over the years, India has tightened its grip on Chinese firms. The Indian government is investigating allegations of evading taxes by three Chinese mobile companies: OPPO, Vivo India, and Xiaomi. The Directorate of Revenue Intelligence (DRI) issued a notice to the companies for tax evasion. In addition, India has banned over 300 Chinese apps, which include Tencent’s WeChat and ByteDance’s TikTok. The country is currently expanding its domestic smartphone and chip manufacturing industries.

Chinese smartphone manufacturers intend to establish manufacturing plants in Egypt, Indonesia, Bangladesh, and Nigeria

According to a Global Times report, Chinese smartphone brands are planning to set up production plants in countries such as Egypt, Indonesia, Bangladesh, and Nigeria, despite India’s rapidly increasing cracking down on Chinese companies. According to the report, which mentioned a Chinese...

www.thetechoutlook.com

 

[JackTheRipper]

Chinese govt is not banning imports from India?

 

[etylo]

Chinese govt is not banning imports from India?

No ban on indian products to china, chinese gov has been very tolerant towards indian prejudice on chinese products so far.

 

[Bilal9]

Bangladesh already has assembly plants for most larger Chinese cellphone brands, OPPO, Xiaomi, Transsion and Vivo included.

Of the total 4.12 crore (41 Million) handsets assembled and imported in the last fiscal year, about 63 per cent were produced in Bangladesh. The number goes up every quarter.

Bangladesh scales up might in mobile manufacturing

Just after completing his diploma in electronics from Magura Polytechnic Institute in 2019, Abdullah Al Noman got a job offer from Anira International Ltd, a local handset manufacturer. And he now works as a mobile assembly engineer for the company at its plant in Narayanganj’s Sonargaon.

www.thedailystar.net