Question

o 2. Write the advantages, enjoyed by the foreign companies in India.​

Answer 1

Answer:

The advantages of foreign companies in setting up production in India are: (i) Foreign companies get cheap labour. Wages that the companies pay to workers in the USA are far higher than what they have to pay to workers in India. (ii) Additional expenses such as for housing facilities for workers are also cheaper.

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Answer 2

A foreign company has various advantages in India. They are exempted from various taxes, governmental regulations, etc.

Explanation:

1. The opening up of the world economy due to globalization has ended up in the establishment of a number of foreign companies in India.
2. The foreign companies in India enjoy various benefits. They are exempted from various taxes and regulations made by the government for Indian companies.
3. Moreover, special economic zones are set up in India to promote industrial development.
4. These zones provide cheap labor, raw material, and other resources for industries.