In which situation a production unit is not considered as a foreign production unit:
(a) entire capital is invested by non resident
(b) more than 50% of the total capital is invested by non-residents
(c) Residents have more than 50% of the total capital
(d) Less than 20% of the investment is made by resident
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Answer:
more then 50% of the total capital is invested by non-residents
Explanation:
A Foreign manufacturing unit is in the nation but owned by the country's nationals or non-residents. The input of foreigners in such manufacturing units must be more than 50% of the total capital .
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