By Admin88 
Beijing, December 27 (TMTPOST) – China Is Taking Action to Protect Domstic Companies as they Face Growing Scrutiny in India.
Credit: TMTPOST
China is Closly Following What the Development of the Recent Report About Vivo and Zte’s India Units, and the Chinese Government "Firmly Supports Chinese Inesses in Safeguarding Their Lawful Rights and Internets ", Said Mao Ning, The Spokesperson of China’s Foreign Ministry, at a RegularPress Conference on MondayJaipur Stock. Mao Urged India to Fully Recognize the Mutually Beneficial Nature of the Business Coopuen Our Two Countries a fair, just, transparent and non-discriminatic business. The Chinese emBassy and consulates in India Will Continue ConsularrrrrrrProtection and Assistance to the Individuals Concerned in Accordance with the Law, The SPokesperson Said.
Mao Ning Responded to a Report Last Week that Two Employees Working for Vivo’s India Business Were Artes. Forcement Directorate (ED), has arrest two Senior Employees in vivo’s india unit.SENT to ED’s Custody and Set to APPEAR in Court on December 26. These accounts through all legal means. It said that reception arrests show that india’s harassment aginst vivo StillContinues, Which INDUCES An Environment of UNCERTAINTY AMONGST THE WIDER Industry LandScape. It’s Also Said that Chinese Staff OF The ZTE’s India UNIT MIGH T Soon Be FORCED to Leave India Because They Could Not Get Visa or The Visa Extension Permit
TWO MONTHS AGO, Chinese Smartphone Maker vivo Has Been Reportedly to have Staff Being Arrest. ONAL WORKING in India in a Case of Alleged Money Laundering.the Allegation Originated in Jury 2022, when the edSaid It Had RaidEd 48 vivo localAgra Investment. IATES. A MONTH AFTER the ED’s Actions, The Directorate General of Revenue Intelligence (DRI) Annound Academration ofEvading RS. 22.17 Billion (About US $ 280 Million) in Tax Payment. The Apex Anti-Smuggling Agency Previously Said of Vivo India’s Factory In 2021 Revealed Incriminating Evidence Indicating Vivo India Involution in Willful Mis-Declaration in The Description of CertainItems imported, which is used in the manual photos.
Vivo Said in October That is Keeping A Close Eye on RecentIgatives and Gets Ready to Respond with "All AvaiLeble Legal Options", Adding That It Firmly ES by Local Laws and Regulations in India. Beijing Hopes India Will PROVIDE A FAIR, Just, TransparentAnd unbiaSed Environment for Chinese Companies, China’s Commerce Ministry Said that Month. Verseas While Supporting Companies in Protection Their Rights, According to the Ministry.
Vivo is the Second-Biggest Smartphone Brand after Samsung in India. In the quars’ this year, vivo held 17% of Market Share by Shipments, Just Shy of Sams Ung’s Share of 18%, accounting to counterpoint research, a global market reSearch firmin the TMT Industry.
Indian Authorities have also targeted Other Chinese Mobile Phone Makers These Years. On Two "Foreign-OWNED" Cell Phone Companies in Various PROVINCES ACROSS Inia on December 21, 2021, and Found Multiple Tax issuesIn Two Companies, Including Royalty Evrance and UndisClosed Related Party Transactions. . HUAWEI HAS Been Also Investigated by the Indian Tax Authorities since February, 2021.
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