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

Politics may once have brought benefits to humans but it is undeniable that in the last century the damage caused is really a lot. Proof of this is the dispute between India and China that has caused quite a few tensions in the country, sometimes even generating riots. Overall, the situation became even more unfortunate after Indian authorities started blocking the import of essential parts for smartphone assembly.

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 mobile phone companies, was the blocking of 59 Chinese applications, accused of violating privacy against users. In particular Vivo had da poco 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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