Seems like a headline grabbing thing in the current geopolitical context. They are stating $10B in the next 5-7 years. Quite sure a company like Google would have a spend like that earmarked from way before in one of the big emerging markets like India. Facebook, Amazon, Apple, Google all have been working towards this for a while now.
Google to Invest $10B in India
31–40 of 349 posts
Re: Google to Invest $10B in India
#32There's been a recent surge in American companies investing in India primarily through Reliance Jio (owned by Mukhesh Ambani who's got a good connect with the current ruling Government). It's been spiking since the Anti-China sentiment led Buy and Use 'Made in India' cries. Government has even asked eCom Flipkart and Amazon to display Country of Origin for each product. With all these, This investment from Google see…
I don't see how it's not alarming for Indians that one key person/company connected to the govt is the sole beneficiary of incoming businesses into India.
the person is connected with both the parties. so may be opposition does not dare to mention him. but i personally feel he is lesser evil, especially if you look at the penetration Chinese products and venture money have made in India.
Re: Google to Invest $10B in India
#33This is just a PR announcement with no specific timeline or even a plan.
Re: Google to Invest $10B in India
#34Earlier quoted context omitted.
The US will act against any threats to their position. Although India has the potential to be a threat, so far it hasn't been and the more the US can invest in India and 'own' large swathes of key industries the better for the US but someday India may wake up to the fact that their economy is, or can be, larger than the US's and start acting accordingly.
China PR makes me question a lot of things. For example, I’ve always been told that protectionism doesn’t work but with the great firewall it seems to work just fine in China PR. How do I explain it?
It works a lot better when your domestic market is a billion people and your local companies can feasibly improve their manufacturing capability fast enough to serve it adequately.
Re: Google to Invest $10B in India
#35There's been a recent surge in American companies investing in India primarily through Reliance Jio (owned by Mukhesh Ambani who's got a good connect with the current ruling Government). It's been spiking since the Anti-China sentiment led Buy and Use 'Made in India' cries. Government has even asked eCom Flipkart and Amazon to display Country of Origin for each product. With all these, This investment from Google see…
I don't see how it's not alarming for Indians that one key person/company connected to the govt is the sole beneficiary of incoming businesses into India.
It’s part of wider assault by Mohdi’s government on the press
https://www.nytimes.com/2020/04/02/world/asia/modi-india-pre...
Re: Google to Invest $10B in India
#36Getting the feeling China has blown it and successful companies looking to expand into Asia are now looking at India instead. I also saw that Foxconn is looking to build Apple products in India now too.
Companies don't invest billions in India to shaft China, they're doing it to maintain or grow their position on the Indian market, which is a huge one. If India suddenly sees a wave of "build it at home" sentiment then Google or Apple won't want to be left out and fall behind the competition. Publicly traded companies can't afford to play favorites, they "have to" go where the profits are and make the best of it, whe…
> they're doing it to maintain or grow their position on the Indian market
That's not the main reason for moving manufacturing. You move manufacturing to exploit lower prices in the production chain (and other logistical considerations). It's why one $10 t-shirt is produced by work in 10 different countries, and why that too is constantly shifting. It's harder to "shift" a massive centralized tech industrial manufacturing system, but if the cost savings are there, you move.
I think everyone is now aware that China is finally developing a middle class and starting to clean up its rampant abuse of its environment, meaning it's going to cost more to manufacture there. Time to look for another developing nation to exploit, and India is a gigantic and attractive target with a lot of potential.
Building (and selling) cars is quite different than phones, advertising, or internet services. BMW produces mostly SUVs in its Spartanburg plant, and it sells most of those SUVs in the USA (its biggest market), so it's more profitable (tariffs, shipping, JIT, etc) to make them locally. All other BMWs in the USA are imported.
Manufacturing your tech in your biggest market (now or the future) may be unnecessary and less profitable if you can squeeze more out of the production chain in another country. China has just been so god damn cheap for so long (and so free with its loans) that it's totally fine if they aren't even one of your biggest markets. But they won't be that cheap for much longer, especially if the USG makes it harder/more expensive.
Re: Google to Invest $10B in India
#37Earlier quoted context omitted.
I don't see how it's not alarming for Indians that one key person/company connected to the govt is the sole beneficiary of incoming businesses into India.
Well there are a lot of people who are not aware of the fact and then there are those who are onboard because they are onboard with the government. So the alarmist kind are a minority which media doesn't show. Also 90% of the media channels are owned by the aforementioned person.
Man you're commenting full on since yesterday about Indian government. Is there something that bothered you a lot?
Re: Google to Invest $10B in India
#38Getting the feeling China has blown it and successful companies looking to expand into Asia are now looking at India instead. I also saw that Foxconn is looking to build Apple products in India now too.
China hasn't "blown" anything - it is set to compete with US head to head on the world stage not with India over US investments.
Re: Google to Invest $10B in India
#39How do I read a Techcrunch article without going through guce.advertising.com/collectIdentifiers first?
Here's the Times of India, anyway: https://economictimes.indiatimes.com/tech/internet/google-to...
Re: Google to Invest $10B in India
#40Earlier quoted context omitted.
China PR makes me question a lot of things. For example, I’ve always been told that protectionism doesn’t work but with the great firewall it seems to work just fine in China PR. How do I explain it?
It works a lot better when your domestic market is a billion people and your local companies can feasibly improve their manufacturing capability fast enough to serve it adequately.
Why did India have to open its market to The Coca Cola Company and PepsiCo? I think Indian market is big enough. Moreover, we know the nature of these companies (there was a recent post where the comments said all the local brands dissolved into the multinational corporations once the multinationals entered the market.
Is it simply that The Coca Cola Company and PepsiCo have better lobbying than Google/Amazon?