Page 169 - LECTURETTE TOPICS eBOOK

shop.ssbcrack.com

• Asian Paints is working in across 24 countries.

• The ninth largest generics company Ranbaxy is doing exceptionally well
overseas.
• Tata Consultancy Services is getting a major proportion of its revenue from
foreign. This share ranges from 75-80%
• Infosys has 30 marketing offices in foreign countries.
• With the concept of outsourcing, India has become more attractive as good
quality workers are available at cheaper rates and back-office operations are
taken care of.

Advantages of MNCs
• MNCs make huge capital investments in the country and accelerate the rate
of economic growth.
• MNCs are a boon for the workers as they train them and make them 'human
capital'
• MNCs pave the way for social overheads and other infrastructure facilities.
• These corporations bring with them a culture which today has led to global
integration.
• MNCs enter into long term contracts and make long term commitments of
development.
• The needs of every economy are taken into consideration and a roadmap is
developed accordingly by a number of management specialists.
Some arguments against MNCs

• MNCs play an important role in the economy and hold a substantial position.
Sometimes they try to misuse their powers and start interfering in the political
decisions of the economy.
• The history of India also points at colonialism due to MNCs.
• MNCs often try to shift obsolete technologies to developing countries.
• The Environmental impacts of these companies cannot be overlooked. MNC
operations are often hazardous for the environment.
• Because of MNCs, the domestic retailers face severe competition and their
share in the market starts declining.

163 | P a g e shop.ssbcrack.com