How are “local companies’ benefitted by collaborating with ‘multinational companies’? Evaluate any three benefits.
MNCs have been interested in different types of industries. Local companies supplying raw materials etc. to these industries have prospered.
- Several top Indian companies have been able to benefit from the increased competition.
- They have invested in newer technology and production method.
- They have raised their production standards.
- Some of IOCEII companies gained from successful collaboration with foreign companies.
- Some large Indian companies have become as multinational companies.