How are local companies benefitted by joining hands with mncs for production?
Answers
MNC's have been interested in different types of industries. Local companies supplying raw materials etc. to these industries have prospered.
• Several top Indian Companies have been able to benefit from the increased competition.
• They have invested in newer technology and production method.
• They have raised their production standards.
• Some of the local companies gained from successfully collaboration with foreign companies.
• Some large Indian companies have become as multinational companies.
Explanation:
1) MNCs have increased their investments in India for faster production.
2) MNCs have invested in newer technology and production method and raised their production standards.
3)MNCs created new opportunity for companies providing services,particularly those involving IT
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