Chinese smartphone makers put investments on hold in India amidst geopolitical clash
By MYBRANDBOOK
With the ongoing geopolitical tensions, Chinese smartphone makers are putting their immediate manufacturing-related investments on hold, given the uncertain business environment. Officials from Chinese smartphone makers and the industry say the banning of 59 Chinese apps have made them even more nervous, with some wondering if they will be the next target in India, and are watching the situation cautiously.
Major Smartphone investors such as Oppo and Vivo in fact are yet to register for India’s ambitious production-linked incentive (PLI) scheme for manufacturing, even though the likes of Apple phone makers Foxconn and Wistron, besides local manufacturers such as Dixon, Lava and Karbonn have done so.
Vivo was planning to invest Rs 7,500 crore, among the largest investments into local manufacturing by any smartphone maker. Oppo is also helping set up an Electronic Manufacturing Cluster (EMC) in Greater Noida along with six other companies to make electronics and support accessories with a total investment of Rs 3,500 crore. Foxconn has also announced higher investments in India.
“From a short-term perspective, their investments are on hold since market recovery will take time,” said Tarun Pathak, associate director at Counterpoint Research. “There is uncertainty seeing anti-China sentiment. While there is pent-up demand, there is a market slowdown.”
Chinese players including Xiaomi, Oppo, Vivo, RealMe and OnePlus have cornered around 80% of the entire Indian smartphone market, though that may fall going forward owing to the current supply and geopolitical crisis, say experts. Amidst growing anti-China sentiment in the country, traders’ body Confederation of All India Traders (CAIT) has written to finance minister Nirmala Sithraman, IT and telecom minister Ravi Shankar Prasad and commerce minister Piyush Goyal to investigate Chinese handset companies that make smartphones locally, especially from the data security and privacy point of view.
BREAKING NEWS
TECHNO TRENDS
Legal Battle Over IT Act Intensifies Amid Musk’s India Plans
The outcome of the legal dispute between X Corp and the Indian government c...
Wipro inks 10-year deal with Phoenix Group's ReAssure UK worth
The agreement, executed through Wipro and its 100% subsidiary,...
Centre announces that DPDP Rules nearing Finalisation by April
The government seeks to refine the rules for robust data protection, ensuri...
Home Ministry cracks down on PoS agents in digital arrest scam
Digital arrest scams are a growing cybercrime where victims are coerced or ...
E-Magazine
TECHNOTAINMENT
Hrithik Roshan to endorse RuPay as Brand Ambassador
RuPay is reportedly planning to feature Bollywood superstar Hrithik Rosha
India Today Group launches – AI Pop Stars
Staying true to our industry leadership position in using cutting-edge tech
MOVERS & SHAKERS
TelioLabs ropes in Phaniraj V A as the Group CEO
TelioLabs has announced the onboarding of Phaniraj V A as its new Group CE
Wipro Appoints Amit Kumar as Managing Partner and Global Head
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology s
OPEN YOUR EYES
INTERVIEWS
In India, 88% of Indian business leaders are planning to inves
As we move through 2024, it has become increasingly clear that AI is not ju
Cisco building a trusted and resilient future for the nation
Security is foundational to everything Cisco does and customers insist on e
HOT PICK
MSI Announces the availability of RTX 50 series of laptops in
MSI, the innovative computing manufacturer in gaming, creator
Nothing Phone (3a) goes on sale today, starting at Rs 19,999
The phone was launched on March 4, featuring a 50MP main, ultra-wide, and t
MAKE IN INDIA BRANDS
BHARAT ELECTRONICS LTD.
ALPHAMAX TECHNOLOGIES PVT. LTD.
CENTRE FOR DEVELOPMENT OF TELEMATICS (C-DOT)
SECUREYE SERVICES PVT. LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
SHAKTIKANTA DAS
Shaktikanta Das is serving as the current & 25th governor of the Reser...
Icons Of India : Anil Agarwal
Anil Agarwal, the Founder and Chairman of Vedanta Resources Ltd., is r...
Icons Of India : Arundhati Bhattacharya
Arundhati Bhattacharya serves as the Chairperson and CEO of Salesforce...
PARTNER SPEAKERS
PSU
GeM - Government e Marketplace
GeM is to facilitate the procurement of goods and services by various ...
BEL - Bharat Electronics Limited
BEL is an Indian Government-owned aerospace and defence electronics co...
STPI - Software Technology Parks of India
STPI promotes and facilitates the growth of the IT and ITES industry i...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - Shantanu Narayen, CEO- Adobe Systems Incorporated
Shantanu Narayen, CEO of Adobe Systems Incorporated, is renowned for h...
Indian Tech Talent Excelling The Tech World - REVATHI ADVAITHI, CEO- Flex
Revathi Advaithi, the CEO of Flex, is a dynamic leader driving growth ...
Indian Tech Talent Excelling The Tech World - Sanjay Mehrotra, CEO- Micron Technology
Sanjay Mehrotra, the President and CEO of Micron Technology, is at the...
ITFORUM 2025
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
of images belongs to the respective copyright holders
