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Discussion in 'Latest Technology News' started by 6pack, Dec 14, 2018.
other side of the coin : promote Ambanis' businesses !?
Yup. 'Indian' Govt should promote 'Indian' businesses.
Not only Ambani's. Other "Shareholders" of India too.
not sure about other Indians / Indian shareholders
basically it is Ambanis & Paytm who can easily get the goods
from other countries , re-brand them and sell at higher prices
may be Patanjali also joins with inferior quality of products ...
Ambani - reliance shirts made in Bangladesh
Forcing foreign companies to parnter with a local firm is a pretty standard policy used by many countries. Actually it is something that China does all the time. This policy is successful if the local company has the ability to learn/steal from its partner. Doesn't work well if it is only a financial arrangement (E.g. Essar/Hutch. The Ruia's did nothing and still made a killing).
"International companies have long complained that China has strong-armed them into handing over trade secrets in exchange for market access. In some sectors, Beijing will only let foreign firms operate through joint ventures in which Chinese partners have the majority stake."
I dislike Ambanis as much as the next guy, but it probably isn't as black and white as you want it to be. It is very important for Indian big businesses to spread their foot print and establish a strangle hold at least in South Asia.
You need to remember that foreign subsidiaries are not just commercial entities. They are important vehicle to move spies and military assets around (all american companies will have CIA assets on their payroll). Bangladesh has a sizable Hindu population and it is important for India to keep a tab on what is going on inside.
Of course, I am assuming that RAW is smart enough to use these companies to its advantage.
Lets hope we have honest & sincere people to protect our India !
Your red highlighted bit explains why i must give ID for imported items. They want to track how many times i buy from where and whom
That ID rule was in effect from years back on Amazon, eBay, citibank or other sites like iccworld etc which came up in between. I think its for tracking co-relation between CC spending and paying taxes. IT saw that people who did not pay much tax were spending a lot of money on cc bills buying stuff from abroad and that rule came in to effect. Or maybe they wanted to track something else.
That red highlighted thing is just proposed and not yet made into a rule or law.
Imported ‘gifts’ may be capped at Rs 5,000 per Aadhaar number to keep tabs on Chinese etailer
Then I will involve my whole joint family of around 50 members with 25+ various addresses so that makes 50x5000......let the ordering spree begin...
Lol, you will now need an aadhaar to buy even undies from china
So you revealed you do order those colored floral undies from there make sure to order them in bulk quantities to last for 2-3yrs.
Floral? how do you know they're not polka dots !
What this basically means is that Indian retailers would be getting the goods from china and selling them at 5-10 times the cost rather than allowing us to buy them from china directly.
Well that's what exactly is happening since ages and very common now. If you happen to bump into retail markets one can see that shirts, tops, shorts, undergarments, plastic stuff, imitation jewellery, even ribbons, bows, watches etc etc. everything is from China and these shops sell us at exorbitant rates with zero bargain in which we can easily buy 4-5 quantities of same item on AE.
Funny thing is at times they forget to remove those chinese seller tags which can be easily be traced on AE or Alibaba.