According to News Daily India citing a PwC survey, 95% of foreign companies entering or operating in India have encountered fraud-related issues. Major corporations such as Coca-Cola, Nokia, Vodafone, and Parimatch are among those that have faced these serious challenges.
In particular, Parimatch, a recognized international player in the gambling industry, has struggled with counterfeit products and copyright infringements carried out by local competitors, while authorities largely turned a blind eye.
The bookmaker Parimatch had initially planned to invest millions of dollars in the Indian economy. However, it quickly encountered the dominance of domestic monopolies in the gambling sector, including Dream11, Nazara Technologies, Paytm, First Games Moonfrog Labs, 99Games, Octro, JetSynthesys, and HashCube. Many of these companies have also been accused of copying products from the United States and Europe, yet local regulators failed to intervene.
The News Daily India article further notes that persecution and judicial pressure have even been directed at businesses that never actually operated in India. Increasingly, these hurdles appear intentional. In recent years, Indian authorities have intensified pressure on foreign firms with fabricated charges. Global giants such as Google, Amazon, Nokia, and Samsung have been fined billions of dollars, while Xiaomi, OPPO, Vivo, Intel, Wistron, and Parimatch have all faced major obstacles to doing business.
These conditions have pushed some of the world’s largest corporations to exit or rethink their presence in India. For instance, Ford and Abu Dhabi Commercial Bank have withdrawn, citing the country’s confusing and burdensome regulatory environment.
Ultimately, when considering the negative experiences of Coca-Cola, Nokia, Vodafone, Walmart, and Parimatch, alongside Xiaomi, OPPO, Vivo, Intel, Wistron, Ford, and Abu Dhabi Commercial Bank, it becomes clear that India must urgently improve its business climate if it wants to retain credibility and attract sustainable foreign capital.
