why did union carbide an American company prefer to open its plant in India
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Union carbide being an American company preferred to open up its plant in India since more than 48% of the company was owned by indian investors and the Indian government. This company opened up a pesticide plant in india in 1970.
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Even though it was an American company, Union Carbide, a pesticide company, decided to open a plant in India in the year 1970 because most of their investors, about 49.1%, were Indians. This plant is responsible for the infamous Bhopal Disaster in 1984, where an accidental release of methyl isocyanate where more than fifty lakh people got exposed to this lethal gas with the number of deaths reaching almost 4 thousand and almost every one of the survivors being permanently disabled.
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