According to reports from Indian newspaper Hindustan Times, the Chairman of Dell, Michael Dell has assured Indian Prime Minister, Manmohan Singh that Dell will be moving its $25 billion operation out of China to India.
Dell reportedly told the India Prime Minister that they were looking for a safer environment with [a] climate conducive to enterprise. However, Dell will not be a new entrant into India as they already have an office there and moving there would just bring more business India’s way.
This is definitely bad for China since this is the third big company to have already walked out or are planning a walk out of an industry which is notorious for its sanctions and censoring.
I would definitely not be surprised if several more companies start to walk out of China after having enough of the monopolistic nature of the government. The coming weeks will be pretty crucial on how things pan out. However, all we can do is keep an eye to see how many companies have the itch to start packing their bags and moving onto more liberal shores.