MNCs set up production jointly with some of the ____.

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MNCs set up production jointly with some of the local companies.
Since 1991, the structure and composition of Indian markets have changed a lot. There are not only domestic producers selling to Indian customers now, but many foreign sellers from different countries are also participating in this trade. These multinational corporations promote small industries by placing orders with small domestic producers and selling their products. These MNCs bring the latest technology with them that helps domestic producers enhance their production capacities. For example, MNCs have promoted industries like garments and footwear in India. MNCs provide money for additional investments like buying new machines and land for faster production.

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