Vivo is being prevented from exporting 27,000 smartphones for more than a week . The shipment is worth almost $15 million .
According to several people familiar with the situation, central authorities have prevented Vivo from exporting some 27,000 smartphones for more than a week in a blow to the Chinese company's proposal to export products from India to neighboring markets.According to one of the parties, the shipment is worth almost $15 million.The people requested to be identified because the matter is not open to the general public.In a Dec. 2 letter to the head of the Indian Cellular and Electronics Association, Pankaj Mohindroo, wrote that this unwarranted approach would dissipate the drive and desire of the government to support electronics manufacturing and exports from India.The center has also heightened surveillance of Chinese companies operating in India, including SAIC Motor Corp Ltds, MG Motor India Pvt Ltd, and the local units of Xiaomi Corp. and ZTE Corp. Other Chinese smartphone manufacturers in the region are likely to be alarmed by the airport blockade.
Vivo successfully exported its first batch of India-made smartphones in early November to markets such as Saudi Arabia and Thailand.The most recent snag could jeopardize Vivo's future in the world's second-largest smartphone market, where the company is currently under scrutiny for suspected money laundering, a charge that has yet to be proved in court.AAP Is A Far More Important Concern For The BJP Than Congress?