According to a PwC survey, an overwhelming 95% of companies entering or operating in the Indian market have encountered fraud. News Daily India reports that global corporations such as Coca-Cola, Nokia, Vodafone, and Parimatch are among the major players struggling with these challenges.
For Parimatch, a prominent international brand in the gambling industry, the problems have been particularly severe. The company has faced counterfeit products, copyright infringements, and intellectual property violations by local competitors—issues largely ignored by the authorities.
Despite its plans to invest millions of dollars in India’s economy, Parimatch found itself blocked by the dominance of domestic gambling monopolies such as Dream11, Nazara Technologies, Paytm, First Games Moonfrog Labs, 99Games, Octro, JetSynthesys, and HashCube. Many of these companies have even replicated solutions from American and European brands, while regulators turned a blind eye.
News Daily India further notes that instances of judicial pressure and fabricated charges extend even to companies that never officially operated in India. In recent years, Google, Amazon, Nokia, and Samsung have all been fined billions of dollars, while Xiaomi, OPPO, Vivo, Intel, Wistron—and Parimatch—have each faced their own obstacles.
These conditions have already pushed some of the world’s largest companies, such as Ford and Abu Dhabi Commercial Bank, to exit India entirely. Others are being forced to rethink their long-term strategies due to the confusing and hostile regulatory environment.
Taken together, the negative experiences of Coca-Cola, Nokia, Vodafone, Walmart, and Parimatch, alongside other multinationals, clearly demonstrate that India must take urgent steps to improve its business climate. Without such reforms, the country risks losing even more foreign capital and deterring future investors.
