alleryTata Motors purchasing Jaguar Land Rover (UK) is an example of:
AForeign Direct Investment INTO India by an MNC
BIndia joining the WTO as a founding member
CIndia accepting an IMF loan with conditions
DAn Indian company becoming an MNC itself
Answer & Solution
Correct answer: D. An Indian company becoming an MNC itself
Indian companies (Tata, Reliance, Infosys, Bharti Airtel, Wipro, Mahindra) have themselves become MNCs.
Tata Motors acquired Jaguar Land Rover from Ford in 2008
Tata Steel acquired Corus.
Indian MNCs are now a globalisation success story.
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