Look at how anti-India campaign are being run on X.
User from China are equating legal, tax, and regulatory actions with extortion. They are peddling propaganda that do not invest in India.
Reason behind their desperation-
1) Apple is shifting iPhone production to India.
2) Amazon, Google, Samsung, Foxconn are expanding operations.
3) India is emerging as a global manufacturing hub.
4) Global companies are following the China +1 strategy.
This is hurting China, that is why CCP has started propaganda against India.
My answer to his allegations-
1 ] Google was fined €4.3 billion even by the EU (2018)-
ec.europa.eu/commission/pres……
Can you term it as extortion.
2] Vodafone & Cairn case related to retrospective tax law and law was repealed in 2021.
As per amended law, the government will withdraw all tax demands levied retrospectively and also refund taxes collected
economictimes.indiatimes.com……
Look what china is doing and what real extortion look like-
1] Jack Ma, the founder of Alibaba Group said Chinese regulators stifle innovation. After that world know what happened to him.
2] Foreign firms were forced to share tech with local Chinese partners to operate in China. This is real extortion.
wsj.com/articles/forced-tech……
World knows how china copy other tech.
3] In 2023, China raided Bain & Company- a US consulting firm
nytimes.com/2023/04/27/busin……
4] LinkedIn shut down in 2021 due to CCP pressure.
nytimes.com/2021/10/14/techn……
5] China has increasingly used exit bans to prevent foreign executives and employees from leaving the country
reuters.com/world/china/chin……
So they should introspect themselves.
Dare you invest in India? The Indian govt is basically running a giant extortion racket.
Here's just a partial list of their victims:
🇨🇳Xiaomi - 680million(2022)
🇺🇸Walmart/Flipkart−680million(2022)
🇺🇸Walmart/Flipkart−1.35 billion (2021)
🇺🇸Amazon - 172million(2021)
🇫🇮Nokia−172million(2021)
🇫🇮Nokia−3.7 billion (2016, still in court)
🇰🇷Samsung - 212million(2020)
🇬🇧Vodafone−212million(2020)
🇬🇧Vodafone−5.1 billion (2012, ongoing mess)
🇬🇧Cairn Energy - $5.2 billion (2021, they won arbitration but still can't get paid)
🇨🇳Huawei - 121million(2022taxprobe)
🇨🇳OPPO−121million(2022taxprobe)
🇨🇳OPPO−551 million (2022 customs violations)
🇨🇳BYD - 90million(2023importduties)
🇺🇸Google−90million(2023importduties)
🇺🇸Google−162 million (2022 antitrust)
🇳🇱Shell - 1billion(2021taxfight)
🇰🇷Samsung(again)−1billion(2021taxfight)
🇰🇷Samsung(again)−101 million (2023 tariffs)
🇬🇧BT Group - $730 million (2022 back taxes)
🇨🇳🐸Foxconn - 725million(2023landissues)
🇨🇳🐸Wistron−725million(2023landissues)
🇨🇳🐸Wistron−125 million (2021 labor problems)
🇺🇸Disney−1.84billion(2022spectrumfees)
🇺🇸Disney−580 million (2023 taxes & censorship)
🇩🇪Siemens−330million(2021contractdispute)
🇺🇸Pepsi−330million(2021contractdispute)
🇺🇸Pepsi−160 million (2022 farm sourcing)
🇨🇳Lenovo - 118million(2023customsforms)
🇯🇵SoftBank−118million(2023customsforms)
🇯🇵SoftBank−860 million (2022 investment taxes)
🇫🇷Alstom - $275 million (2021 broken contract)
………