How are local companies benefitted by collaborating with multinational companies?

How are local companies benefitted by collaborating with multinational companies? Explain with examples

The following examples show that local companies benefitted by collaborating with multinational- w companies
(i) MNCs can provide money for additional investments, like buying new machines for faster production.
(ii) MNCs might bring with them the latest technology for production.
(iii) They earn greater profits.