what are the advantage to foreign companies in setting up production in India
Answers
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.
(iii) Lower working conditions including lower safety measures are used as ways of cutting costs. Thus, companies can save costs and earn high profits.
ANSWER
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Foreign companies gain many advantages in setting up production in India. Foremost amongst these is cheap labour. The population boom in India has led to large scale unemployment, as a result, a workers worth in India is lesser because one worker can easily replace another. This is also accounts for lower wages. Due to the workers vulnerability, companies cut production costs by lowering work condition and increasing work hours. This trend is un fortunate because it has to disasters like the Bhopal Gas Tregedy of 1984. However, availability of cheap labor is a chief advantage for foreign companies setting up production in India.
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