Boycott Chinese products or companies chorus is growing across the country amid rising tension between India and China after 20 Indian soldiers were killed during a faceoff with the Chinese troops at the Line of Actual Control (LAC) in Galwan Valley of Eastern Ladakh.
Massive protest against China is being held across the country with many breaking their TV sets, phones and other Chinese products to mark their protest. Traders’ body and several leaders have call for a boycott of Chinese goods. Similar voices were raised by people on social media platforms like Facebook, WhatsApp and Twitter. #BoycottChina, #BoycottChineseProducts, and #BharatUnitedAgainstChina have been trending hashtag on social media platforms. #TeachLessonToChina and #ChinaGetOut also filled several social media posts.
There are many Chinese companies operating in India. Especially, the Indian smartphone market is currently dominated by Chinese companies with four out of the top five companies belonging to the country as per a Counterpoint report.
As per the report by FICCI, the Chinese have invested in the following Indian sectors :-
1. Automobile Industry (40%)
2. Metallurgical Industry (17%)
3. Power (7%)
4. Construction (5%)
5. Services (4%)
India sends 8% of its total exports to China whereas China sends only 3% of its total exports to India.
India China Bilateral Trade 2018-19
According to official Indian data released in February, India’s trade with China declined from US$ 89.71 billion in 2017-18 to US$ 87.07 billion in 2018-19. India’s imports from China were US$ 70.32 billion in 2018-19 while India’s exports to China were US$ 16.75 in 2018-19. Thus India’s trade deficit with China was US$ 53.57 in 2018-19.
List of Top Chinese Companies in India are;
|Chinese Mobile Companies in India||Chinese Software Companies in India||Other Sectors Chinese Companies in India|
|Xiaomi (MI)||Alibaba Group i.UC Browser||Haier|
|Oppo||Bytedance i.Tik Tok ii.Vigo Video iii.News Republic||Volvo (Own by Geely)|
|Vivo||Tencent Holding i. Pubg ii. WeChat||MG (Own by SAIC Motors)|
|Oneplus||Cheetah Mobile i. Whatscall ii.Cheetah Keyboard iii.CM Browser iv.Tap Tap Dash v. Battery Doctor vi.Clean Master vii.CM Backup viii.CM Browser||Nippon Paint (India) Pvt. Ltd.|
|Huawei||Huawei||Shanghai Electric India Pvt. Ltd.|
|Motorola||..||WISCO (I) P. Ltd.|
|LeEco||..||ZTE KangunTelecon Company (I) P. Ltd.|
|Lenovo||..||China Dongfang International|
|Meizu||..||Baoshan Iron & Steel Ltd.|
|Meizu||..||Chongqing Lifan Industry Ltd.|
|Honor||..||China Dongfang International|
|Gionee||..||Sany Heavy Industry Ltd.|
|Gfive||..||Cheetah Multitrade P. Ltd.”|
|Hair||..||“YAPP India Automotives Systems Pvt. Ltd.”|
So this was the list of some main Chinese companies operating in India. This list will help the Indian citizens to know the Chinese companies operating in India.
In late 2000s, 32 Chinese companies came together to form Chamber of Chinese Enterprises in India (CCEI). Companies make this move when they see a significant and potential market for trade; India, in this case. Another major organization which fosters relations between the two countries is the India – China Chamber of Commerce and Industry (ICCCI).