How are local companies benefitted by joining hands with MNCs for production? -SST 10th

How are local companies benefitted by joining hands with MNCs for production? -SST 10th
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At times, MNCs set up production jointly with some local companies. The benefit to the local companies of such joint production is two-fold. (i) MNCs can provide money for additional investments, like buying new machines for faster production. (ii) MNCs might bring with them the latest technology for production.
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