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"This is the loss of India."

Time:2024-10-26 Read:29 Comment:0 Author:Admin88

"This is the loss of India."

Lixun Precision Company was founded in 2004. It is headquartered in Dongguan City, Guangdong ProvinceHyderabad Stocks. It is called "the King of Apple OEMs" by some mediaPune Wealth Management. It is one of the three major assembly manufacturers of Apple mobile phones.According to Indian media reports, in the past three years, Lixun Precision has tried to expand its business in India many times, but has not made progress smoothly.In 2019, Lixun Precision established a office in India and plans to acquire a digital product manufacturer located in Tamilnadbon, southern India.The Lixin Precision Plan invests 7.5 billion rupees (about 649 million yuan) for its investment to produce Apple mobile phone components.However, the approval of foreign direct investment (FDI) for the project has not been approved.It is understood by sources who developed the project, saying that the visas of the Lixun precision executives have been rejected many times.In early 2023, Bloomberg reported that India had initially approved about 14 Apple suppliers from India to invest in India, including Lixun Precision and Shunyu OpticsAgra Investment. The premise of approved these companies in India was that they must be a joint venture.However, the preliminary approval from the Indian government mentioned above has not been able to provide truly assisting China by India.On November 9, the Management Committee of the North Jiangxi Provincial Industrial Park of Vietnam announced that Lixun Precision will invest 330 million US dollars in the province to build new production facilities.According to India's "Business Standards", Indian enterprises have changed their plans to India's loss and Vietnam gain.The report also mentioned that India -China relations are tense.Simla Wealth Management


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