(New Delhi Comprehensive News) The Indian government requires that Chinese mobile phone companies must introduce Indian partners for local business, and at the same time appoint Indian people to serve as chief executive officers, chief operating officers, chief financial officers and chief technical officers.
The Indian Economic Times reported that the Indian government asked Chinese mobile phone companies to introduce Indian equity partners in local businesses at the organization meeting of the Ministry of Electronics and Information Technology (Meity).
It is reported that the representatives of Chinese companies attending the meeting include Xiaomi, OPPO, Realme and vivo, as well as Indian mobile phone and electronic associations (ICEA).
Sources said that senior Indian government officials demanded that Chinese mobile phone companies entrust the foundry production to Indian companies to expand the local manufacturing scope to the original component and expand the export of dealers.In addition, Chinese mobile phone companies are also required to ensure compliance with law and avoid tax evasion in India.
The Hong Kong Economic Daily quoted data from the Hong Kong industry analysis agency Counterpoint that Xiaomi was 16%in the Indian smartphone market in the first quarter of this year, 12%of OPPO, 9%of Realme, and 17%of Vivo.
