OPPO and Vivo withdraw investments in India following the diplomatic crisis with China

Politics perhaps once brought benefits to the human being but it is undeniable that in the last century the damages caused are really a lot. To prove this is the dispute between India and China that has caused many tensions in the country, sometimes generating riots. Overall, the situation became even more unpleasant after the Indian authorities began to block the import of essential parts for the assembly of smartphones.

This has certainly caused a spark that is leading major Chinese companies such as OPPO and Vivo to review their investment plans. Plans that involve explaining a lot of money, since there was talk of building new logistics hubs and smartphone production factories directly on site. But things are going too far down the line and therefore both OPPO and Vivo have decided to suspend all their investments in India.

OPPO and Vivo withdraw investments in India following the diplomatic crisis with China

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Further damage from the Indian government to the Chinese one, which consequently affects the mobile phone companies, was the blocking of 59 Chinese applications, accused of violating privacy against users. In particular, Vivo had recently announced an investment of 7,5 billion rupees, or about 1 billion dollars, for the construction of a local factory for the production of smartphones. The largest investment of any OEM in the Indian nation.

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On the other hand, OPPO would have invested at least $ 500 million in the production of Indian labor, about the production of electronic components and support devices. In short, a situation that leaves both the Chinese OEMs and the Indian government with their hands tied, as in a certain sense one needs the other. For the time being, the Indian government has not commented on the controversial situation towards China. We hope for positive developments.

[Source]

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