what are the industries in which MNCs has been interested for investment in India
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19
MNCs have increased their investment in India over the past few years, which means investing in India has been beneficial for them.
(ii) MNCs have been interested in industries such as cell phones, automobiles, electronics, soft drinks, fast food or services such as banking in urban areas, as these products have a large number of well-off buyers.
(iii) Since these MNCs are earning profits by selling their products and services, they are increasing their investment in India.
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The industries in which MNCs has been interested in investing in India are of Sony of Japan, software company like IBM of USA, Siemens of Germany, automobile industries like Toyota.
Explanation:
- The MNCs have played a major role in their investments in the Indian markets. They have influenced the economic development of the country.
- The MNCs are large business organizations that have extended their business operations in India through their various industrial network and marketing operations in the country.
- The process of globalization has led to the companies investing in the Indian markets and bringing with them the latest technologies of production, services, and marketing practices.
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