海尔印度出售49%股权，这波操作真是明智之举

Core Viewpoint - Haier Smart Home's decision to sell 49% of its stake in its Indian subsidiary to Warburg Pincus and Bharti Group is a strategic move to mitigate risks and enhance operational efficiency in the current international environment [1][4]. Group 1: Foreign Investment Environment in India - India's foreign direct investment (FDI) has faced challenges, with net FDI dropping to -$616 million by August 2025, indicating a capital outflow [3]. - The Indian government has implemented stricter approval processes for investments from neighboring countries since 2020, increasing uncertainty for foreign companies, particularly Chinese firms [3]. - High-profile cases, such as Xiaomi being fined ₹4.8 billion and investigations into OPPO and Vivo, highlight the risks foreign companies face in India [3]. Group 2: Strategic Benefits of Haier's Move - The sale allows Haier to recover historical investments, as its Indian operations have seen a compound annual growth rate (CAGR) of 25% over the past seven years, positioning it as a leader in the industry [5]. - The involvement of Warburg Pincus and Bharti Group, both reputable financial investors, is expected to enhance Haier's operational prospects in India, providing local market insights and resources [5][6]. - The Indian home appliance market is projected to grow from $77.74 billion in 2024 to $135.33 billion by 2034, with a CAGR of 5.70%, making it one of the fastest-growing markets globally [5]. Group 3: Risk Mitigation - By introducing local capital, Haier can better navigate geopolitical risks and regulatory challenges in India, effectively distributing risks related to policies, laws, and taxes [6]. - This strategic partnership serves as a form of "insurance" for Haier's assets in a complex international landscape [6]. - The move is characterized as a strategic advancement rather than a retreat, allowing Haier to recover costs, integrate local resources, and mitigate political risks simultaneously [6].