What are the possible benefits to the Indian firms from the tie ups with the foreign firms?

What are the benefits of joint venture with foreign parties in India?

Advantages of joint ventures

  • Access to the established distribution and marketing channels of the Indian partner;
  • Access to the available financial resources of the Indian partners; and,
  • Access to the established contacts of the Indian partners, which will help ease the process of setting up operations in India.

What are the advantages to foreign companies in setting up product in India?

The advantages of foreign companies in setting up production in India are: (i) Foreign companies get cheap labour. Wages that the companies pay to workers in the USA are far higher than what they have to pay to workers in India. (ii) Additional expenses such as for housing facilities for workers are also cheaper.

How is India benefited from outsourcing?

Outsourcing to India provides businesses high-quality products on time and at a much lower rate in comparison to the rates prevailing in the developed countries, thus making India the most sought after IT and software development outsourcing destination.

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What are the advantages of international business in India?

What Are the Advantages of International Trade?

  • Increased revenues. …
  • Decreased competition. …
  • Longer product lifespan. …
  • Easier cash-flow management. …
  • Better risk management. …
  • Benefiting from currency exchange. …
  • Access to export financing. …
  • Disposal of surplus goods.

What are the advantages and disadvantages of joint ventures?

Advantages and disadvantages of Joint Ventures

  • Provides companies with the opportunity to gain new capacity and expertise.
  • Enables companies to enter related businesses or new geographic markets or gain access to modern technology.
  • Provides access to greater resources – including specialised staff and technology.

What are the reasons for a company to create a foreign subsidiary in a host country?

Reasons to Establish a Foreign Subsidiary or Branch

  • Opening Up Access to New Markets For Products and Services. …
  • Expanding Brand Recognition. …
  • More Cost-Effective Production and Manufacturing. …
  • Access to Technical Skills and Regional Knowledge. …
  • Customer Service Centers. …
  • Part of a Global Expansion Plan. …
  • Use of Free Trade.

Why do foreign companies came to India?

Foreign companies invest in India due to abundance of resource, presence of labour at relatively lower wages and special investment privileges such as tax exemptions, etc. For a nation where, foreign investments are being made, it also means achieving technical know-how and generating employment.

How was environment treated earlier?

Earlier there were very few laws protecting the environment in India. There was hardly any enforcement of these laws. The environment was treated as a ‘free’ entity and any industry could pollute the air and water without any restrictions. … The government can also fine to those who pollute our precious environment.

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Do you think the victims of the Bhopal gas tragedy got justice discuss?

Answer: No, the victims of the Bhopal Gas Tragedy did not get justice. They are still waiting for it. They still fail to avail safe drinking water, healthcare facilities and jobs for the people poisoned by DC plant.

What are the benefits of outsourcing?

Core advantages of outsourcing:

  • 1) Save time. …
  • 2) Reduced costs. …
  • 3) Savings on technology and infrastructure. …
  • 4) Expertise. …
  • 5) Increased efficiency. …
  • 6) Reduced risk. …
  • 7) Staffing flexibility. …
  • 1) Loss of managerial control.

What is outsourcing and what are the positive contribution of outsourcing for India?

Outsourcing to India helps companies reinvent their business strategies and achieve scalability, operational efficiency and business growth. Business process outsourcing originated as a cost saving activity, assuring timely delivery of quality projects.

What are the positive effects of outsourcing?

Advantages of Outsourcing

  • You Get More Experts. …
  • Things Get Done Fast. …
  • You’re Able to Focus on What Matters. …
  • You Can Share Some Risk. …
  • You Can Reduce Costs. …
  • You Can Work Around the Clock. …
  • You Can Simplify Project Management. …
  • You Simplify Work Relationships.