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Tata 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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