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India withdraws data protection and privacy bill
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<blockquote data-quote="t3chg33k" data-source="post: 2387369" data-attributes="member: 20884"><p>The Chinese companies can operate if they obey the rule of the land, but they have repeatedly shown that their allegiance is to the CCP. Even when the regulations were in place like the FEMA guidelines, they managed to bypass it and a data security law will also not be obeyed.</p><p></p><p>When they get a whiff of being investigated, the Chinese personnel run away and the Indian appointees are left to face the law. Irrespective of how the Chinese companies changed the landscape in India, it doesn't seem worth it from the nation's perspective.</p><p>[URL unfurl="true"]https://www.business-standard.com/article/companies/top-vivo-executives-may-have-fled-india-amid-ed-s-money-laundering-probe-122070601385_1.html[/URL]</p><p></p><p>The Tesla decision would just be about red tape and government incentives. It has happened in the past where companies benefited fully from government incentives to make profits and then simply abandoned the workforce when things became rough. Wouldn't read too much into that. They didn't have a good time in Germany despte the incentives, so they will keep looking for the next scapegoat which unfortunately will always be available in the Asian countries.</p><p>[URL unfurl="true"]https://economictimes.indiatimes.com/news/international/business/whats-happening-with-teslas-7-billion-german-gigafactory/articleshow/83738305.cms[/URL]</p></blockquote><p></p>
[QUOTE="t3chg33k, post: 2387369, member: 20884"] The Chinese companies can operate if they obey the rule of the land, but they have repeatedly shown that their allegiance is to the CCP. Even when the regulations were in place like the FEMA guidelines, they managed to bypass it and a data security law will also not be obeyed. When they get a whiff of being investigated, the Chinese personnel run away and the Indian appointees are left to face the law. Irrespective of how the Chinese companies changed the landscape in India, it doesn't seem worth it from the nation's perspective. [URL unfurl="true"]https://www.business-standard.com/article/companies/top-vivo-executives-may-have-fled-india-amid-ed-s-money-laundering-probe-122070601385_1.html[/URL] The Tesla decision would just be about red tape and government incentives. It has happened in the past where companies benefited fully from government incentives to make profits and then simply abandoned the workforce when things became rough. Wouldn't read too much into that. They didn't have a good time in Germany despte the incentives, so they will keep looking for the next scapegoat which unfortunately will always be available in the Asian countries. [URL unfurl="true"]https://economictimes.indiatimes.com/news/international/business/whats-happening-with-teslas-7-billion-german-gigafactory/articleshow/83738305.cms[/URL] [/QUOTE]
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