Question

Explain any three step taken by the central and sate government to attract foreign companies

Answer 1

Answer:

1. Industrial zone cal Special Economic Zone are being set up she's are to have world class facility

2. Companies who set up production units in the seas do not have to pay taxes for an initial period of 5 years

3. Government has also allowed flexibility in the labour laws to attract foreign investments

4. the companies in the organised sector have to be obeyed certain rules that aim to protect the workers right .In the recent years the government have a lot companies to ignore many of these

5.instead of hiring workers on a regular basis MNCs hire worker flexibility for shorter period when there is intense pressure of work this is done to reduce the cost of labour for the company

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