Over 4,900 new MNCs opened in India: Govt

A total of 1,333 MNCs have been closed down in the country, out of which 313 were foreign-based and 1,017 were their subsidiaries, he said.

DTNEXT Bureau

Published:11th Feb, 2023 at 5:37 AM

NEW DELHI: Around 1,333 multi-national companies (MNCs) have shut down in the country but more than 4,900 new ones have come up opening new avenues and job opportunities, Parliament was informed on Friday.

Responding during Question Hour in the Rajya Sabha, Minister of State for Commerce and Industry Som Parkash said it is normal to see some MNCs get closed and some new to come up.

A total of 1,333 MNCs have been closed down in the country, out of which 313 were foreign-based and 1,017 were their subsidiaries, he said.

“I am happy to share that in comparison to it (the one closed down), 4,906 new MNCs have been opened. This will open new avenues and provide job opportunities,” Parkash said.

The minister, however, did not share the time period during which the MNCs were shut and new ones were opened.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

Over 4,900 new MNCs opened in India: Govt

A total of 1,333 MNCs have been closed down in the country, out of which 313 were foreign-based and 1,017 were their subsidiaries, he said.

Also Read

Delhi airport: 97 flights cancelled, over 200 services delayed due to fog

'Has Sonia Gandhi even read G RAM G Bill?' BJP MP counters Cong criticism

AI in the jungle: TN's command centre in Gudalur to manage human-wildlife conflict

Voters turn up to verify draft rolls at special camps; officials expect better response today

USSD dial, the emerging cyber fraud, warn TN cybercrime cops