Many transnational corporations (TNCs) have set up factories and offices in India. The country is an attractive location to TNCs because the population speak good English, they have strong IT skills and they work for lower wages than people in many other countries. Companies like Toyota, Volvo and Hyundai manufacture cars in India. Companies like ASDA, BT and Virgin Media have call centres in India.
Advantages of TNCs in India
There are many advantages of TNCs. India has benefited in many ways:
TNCs have created jobs and offered education and training to employees