Apple and Walmart are entering India.

- Apple's partner company Foxconn Technology Group is setting up a new plant in India at a cost of 700 million dollars.

- Happily for the Indian government, investors from western countries who were more inclined towards China are now thinking of investing in India.

- The number of buyers of goods from foreign countries has decreased in China, so now we should go in the direction of India. Apple company is not ready to open all cards

India's Oscar is widely discussed but the other two developments do not seem to have paid much attention. Development is that two American companies are coming to India in a big way. One is Cupertino-based Apple and Benton Valley-based Walmart. Importantly, when the overall air in the world is that India is being perceived as an investor's paradise, it is very significant that two US multinationals are focusing on India.

Apple is believed to have decided to increase investment in India due to the growing demand of Apple phones in India but the fact is that Apple wants to move its assembling unit Foxconn from China. Last week at the Raymond James Institutional Investor Conference in Orlando, all eyes were on the discussion on the imperative of investing in India, when responding to an issue in China, Walmart Chief Financial Officer John David said that India's market is bigger than China and India deserves trust. In short, India has been placed above China.

Apple and Walmart, both multinational companies that want to do business in India, do not have any retail stores in India. Walmart has 29 wholesale cash and carry stores that handle business to business transactions. Walmart signed a $16 billion deal for e-commerce giant Flipkart. Walmart also has an online payment application, Phone Pay.

According to a report, Foxconn is going to spend 200 million dollars to make AirPods in the southern state. Currently, AirPods are being made in China. Foxconn's rivals, Taiwanese companies Wistron and Pegatron, are also in the fray to take on the AirPods.

Not only the American company Apple has got a foothold in India, along with Apple, Walmart also plans to expand in India, three IT companies of Silicon Valley are also opening offices in Bangalore to set up a base in India. Apple is investing crores in India. For global investors, Apple Company is pointing the direction of India. It can be said that Apple company also wants to set up in India just like the IT companies of the world are in love with India. Apple's partner company Foxconn Technology Group is setting up a new plant in India at a cost of 700 million dollars. Due to which more than one lakh people can get employment in India. Apple plant will set up Foxconn plant on 300 acres of land near Bangalore airport in China.

It was alarming news in the information technology world that workers vandalized Foxconn's plant near Bangalore causing a loss of crores (December 2020). The anti-India lobby of the world also tried to give these reports a lot of publicity. The intention of this lobby was to get Apple to close the Bagaluru unit due to safety reasons and shift it to another country. But Apple's executives proved to be more practical, along with the persuasion of the then Karnataka government, Apple dropped its plans to leave India. At that time, there was a loss of 300 crores due to vandalism in the plant.

At that time, the anti-industry lobby in India estimated this loss at 1000 crores. However, the protestors remained in their minds and after persuasion with the employees, the factory was again bustling. Where more than one lakh people work today.

The tact shown by the Indian government is bearing fruit today. Even as Apple continues to expand further, efforts by rumor mongers that the industry is not safe in India have failed.

Two hundred thousand employees work in the Chinese city of Zhenzhou, where Apple assembles the iPhone. Now the problem of supply has arisen from there. Apple has noticed that the number of buyers of goods from foreign countries has decreased in China, so now it should go in the direction of India. Apple company is not ready to open all cards but when its officials met Prime Minister Modi in Delhi, they did not give any special response but indicated that the company will set up a plant in Telangana as well.

Ever since Beijing began cracking down on private companies, companies that set up plants there are considering shifting. India can be a role model for them.

Happily for the Indian government, investors from western countries who were more inclined towards China are now thinking of investing in India. Apple and Walmart are recent examples. Three IT companies from Silicon Valley are also set to set up base in India.

India has given an economic incentive package to Foxconn. which will manufacture the latest version of the iPhone in Tamil Nadu.

- Walmart has 5342 worldwide, Apple has 500 stores but none in India

Walmart has 5342 stores in America alone. Among them, 3573 stores are Super Centers spread over 250,000 square feet each. Its international business (excluding America) has 5251 stores. Walmart has 29 wholesale stores in India. It has 397 stores in China, 414 in Africa, 408 in Canada, 2755 in Mexico. Like Walmart, Apple too could not open any of its stores in India. Apple products are available at franchise stores in India. Now when Apple will manufacture in India, the label of foreign investment on single brand retail will be removed, so it is opening two stores of its own in Mumbai and Delhi. Apple has 500 stores in the world, of which 275 are in America and about 250 in other countries. There are 44 stars in China, more than Sai.

In 2013, Walmart cut its tie-up with an Indian group saying it was not very useful, and now after a decade it is singing India's praises for investment.