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Over 4,900 new MNCs opened in India: Centre informs Rajya Sabha

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

Over 4,900 new MNCs opened in India: Centre informs Rajya Sabha

Around 1,333 multinational companies (MNCs) have shut down operations in the country, but more than 4,900 new ones have emerged, opening up new avenues and job opportunities, Parliament was informed on Friday.

Responding during Question Hour in the Rajya Sabha, Commerce and Industry Minister Som Parkash said that it is normal to see some MNCs closing down and some new ones coming up.

A total of 1,333 MNCs were closed in the country, of which 313 were based abroad and 1,017 were their subsidiaries, he said. “I am happy to share that 4,906 new MNCs were opened compared to (the one that was closed). This will open new avenues and provide job opportunities,” said Parkash.

However, the minister did not share the time period when multinational companies were closed and new ones opened.

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