The American MNC, Cargill Foods, has bought which Indian Company?

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An Intiative by Sri Chaitanya

Mahindra and Mahindra

Ford Motors

Parakh Foods

Basmati Rice

answer is C.

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Detailed Solution

The American MNC, Cargill Foods, has bought Parakh Foods.
MNCs have colossal wealth, and so the most common route for MNCs to expand their manufacturing is to buy up local companies to enhance production. Cargill Foods is a vast American MNC that has bought over a smaller Indian company, Parakh Foods.
Parakh Foods had already established an extensive marketing network across various parts of India, where it had garnered a strong reputation. Parakh Foods also had four oil refineries. All of these assets have now shifted into the control of Cargill Foods. With this acquisition, Cargill Foods is currently the largest producer of edible oil in India, with a capacity to produce 5 million pouches daily.

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