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With the help of your parents and grandparents, prepare a list of multinational companies that existed in India at the time of independence. Now put a (tick) mark against those which are still growing

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Question

With the help of your parents and grandparents, prepare a list of multinational companies that existed in India at the time of independence. Now put a (tick) mark against those which are still growing and a (cross) against those which do not exist any more. Are there any companies whose names have changed? Find out the new names, the country of origin, nature of product, logo and prepare charts and display in your class.

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Solution

With the help of my parents and grandparents, I prepared a list of multinational companies that were present in India around the time of Independence.

Company Still
existing?
Present/New Name Country of
Origin
Main Products
Lever Brothers Hindustan Unilever Ltd. (HUL) U.K. Soaps, detergents, food and personal-care products
Imperial Tobacco Company of India ITC Ltd. U.K. FMCG products, cigarettes, hotels and paper products
Siemens Siemens Ltd. Germany Electrical and industrial equipment
Nestlé Nestlé India Ltd. Switzerland Milk products, coffee, chocolates and packaged foods
Coca-Cola Coca-Cola India U.S.A. Soft drinks and beverages
IBM IBM India U.S.A. Computers, software and IT services

Conclusion: Many multinational companies that were present in India in the early years continue to operate today. Some have changed their names or expanded their product range.

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Chapter 3: Liberalisation, Privatisation and Globalisation: An Appraisal - Exercise [Page 54]

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NCERT Economics Indian Economic Development [English] Class 12
Chapter 3 Liberalisation, Privatisation and Globalisation: An Appraisal
Exercise | Q 3. | Page 54
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