Multinational companies are the enterprises or organizations that manage production or offer services in more than one country. India has been the home to a number of multinational companies. Indeed, since the financial liberalization in the country in 1991, the number of multinational companies in India has increased noticeably. Although majority of the multinational companies in India are from the U.S., however one can also find companies from other countries as well. Multinational companies in India are taking their toll on family businesses. They are not only destroying the household economies for small business people but also leading to the cultural uniformity of the global brands in the market place in India. There are many reasons why the multinational companies are coming down to India.
India has got a huge market. It has also got one of the fastest growing economies in the world. Besides, the policy of the government towards FDI has also played the most important role in attracting the multinational companies in India. For quite a long time, India had a restrictive policy in terms of foreign direct investment. As a result, there was lesser number of companies that showed interest in investing in Indian market. However, the scenario changed during the economic liberalization of the country, especially after 1991.
Government, nowadays, makes constant efforts to attract foreign investments by relaxing several of its policies. As a result, a number of multinational companies have shown interest in the Indian market.
List of Multinational Companies in India
The list of multinational companies in India is ever-growing as a number of MNCs are coming down to this country now and then. Following are some of the major multinational companies operating their businesses in India:
|List of Major MNCs in India
- British Petroleum
- Ford Motors
- Skoda Motors
- ABN Amro Bank