The second is Samsung and many Chinese manufacturers. The smart phone market in India is in a phase of rapid growth. As Samsung, Xiaomi, Huawei, oppo, vivo and other manufacturers regard India as an important place for developing their own international market, they are all set up in India There are manufacturing plants.
Among them, the handset manufacturers in China are almost all part of the local production, some imported from China model, then India to increase tariffs where the impact?
The answer is to force these companies to build more factories in India. To avoid taxation while maintaining profits in India, manufacturers are bound to invest more factories in India, causing some Chinese manufacturing industries to shift to India.
Narendra Modi launched the Make in India initiative in 2014 to provide various relief policies and land to attract international brands to set up factories in India for the past three years with China in India A lot of investment, especially in the field of smart phones.
After the soft round, we started to make more investments such as increasing the tariffs on this type of hardphone and forcing the handset manufacturers who have already tasted the sweetness in India. After all, the sole purpose of the concept of a business is to make a profit, which is understandable.
From a global perspective, the transfer of manufacturing industries from the economically developed areas to the economically underdeveloped areas is a normal phenomenon. This is also the only way for China's industrial upgrading.
However, China has a huge body mass. Despite the rapid economic restructuring, the development of the eastern and western regions is extremely unbalanced. Even the low-end manufacturing industry can still solve the large number of employed people for China at this stage.
For a short time, India's raising tariffs on mobile phones is not good news for China.