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What are the benefits of setting up join production in India |
| Answer» Foreign companies gain a lot of advantages by setting up production in India. These are\tCheap labour, i.e. wages the companies pay in developed countries is far more than wages they pay in developing countries.\tFor lower pay, companies can get additional hours of work.\tThe companies can save costs and earn higher profits.\tCompanies cut costs by including lower working conditions that consist of lower safety measures.\tCompanies take advantage of the workers’ vulnerability because one worker can easily replace another.\tBecause of much unemployment, many workers are willing to work in unsafe conditions in return for a wage. Hence, this also helps them in cutting costs. | |