Press Esc to close

'India 11th most favoured for setting up MNC headquarters'

New Delhi, Oct 6, 2013 (PTI): 10:56 IST
India 11th most favoured country for setting up MNC headquarters. Reuters
India hosts about 158 large global companies having a revenue of USD 1 billion or more, making the country the 11 most favoured destination for setting up of a multinational corporation headquarters, says a report.

According to an analysis by McKinsey Global Institute, as many as 158 global large companies have their headquarters in India with a combined revenue of USD 898 billion.

The US topped the chart with 2,123 large firms having their headquarters in the country with a combined revenue of USD 15,221 billion, followed by Japan (1,028 firms, USD 7,347 billion), China (577, USD 5,449 billion), Germany (462,USD 3,788 billion) and United Kingdom (358, USD 2,818 billion), constituting the top five.

The top 10 most favoured destinations for setting up an headquarters of a global MNC include: France which hosts 236 firms's headoffice, Australia (203), Canada (194), Italy (179) and Russia (165).

India was ranked 11th in the list followed by South Africa, Switzerland, Taiwan and Brazil.

At present, there are some 8,000 distinct large companies worldwide with revenue of USD 1 billion or more, and three out of four are based in developed regions, Mckinsey said.

This situation is likely to undergo a sea-change as by the year 2025, an additional 7,000 companies would grow to this size (revenue of over USD 1 billion) and seven out of ten of these new entrants are likely to be based in emerging regions, the Mckinsey report added.

Currently, the US, Canada, and Western Europe account for 11 per cent of the world's population but are home to over 50 per cent of large company headquarters.

In comparison, South Asia is home to 23 per cent of the world's population but only 2 per cent of the world's large companies' headquarters.

As per the report, by 2025, nearly half of the Fortune global 500 companies are likely to be based in developing countries including India.

"As Japanese and South Korean companies became formidable global competitors in the past half century, new players from emerging markets such as Chinese telecom networking giant Huawei, Brazilian aircraft manufacturer Embraer and India's industrial conglomerate Aditya Birla Group are asserting their presence," it said adding "many more are soon to follow".

According to the report, companies from emerging regions are growing faster than their counterparts from the developed world not only on their home turf but also in overseas markets. It cited the example of the aggressive expansion of India's Tata Motors into Europe in the past decade.

Go to Top

More from this section
Most trending stories
Photo Gallery
Indian cricket captain Virat Kohli with his actress wife Anushka Sharma during their wedding...

Indian cricket captain Virat Kohli with his actress wife Anushka Sharma during their wedding...

Former footballer of Argentina Diego Maradona with his wife after being felicitated at a programme..

Former footballer of Argentina Diego Maradona with his wife after being felicitated at a programme..

An Afghani lady cadet at practice session for small arms at Officers Training Academy (OTA)...

An Afghani lady cadet at practice session for small arms at Officers Training Academy (OTA)...

Congress party workers display signboards pasted with the pictures of Jawahar Lal Nehru...

Congress party workers display signboards pasted with the pictures of Jawahar Lal Nehru...

Artists making a 75 M-long live watercolor painting for a world record at Central Park...

Artists making a 75 M-long live watercolor painting for a world record at Central Park...

Patidar community leader Hardik Patel waves at supporters during a road show for the second phase...

Patidar community leader Hardik Patel waves at supporters during a road show for the second phase...

Activists of the All Assam Students Union (AASU) forming a human chain while staging a protest...

Activists of the All Assam Students Union (AASU) forming a human chain while staging a protest...

Congress Vice President Rahul Gandhi offering prayers at Shamlaji Temple in Aravali district...

Congress Vice President Rahul Gandhi offering prayers at Shamlaji Temple in Aravali district...

Russian Foreign Minster Sergei Lavrov calls on President Ram Nath Kovind at Rashtrapati Bhavan...

Russian Foreign Minster Sergei Lavrov calls on President Ram Nath Kovind at Rashtrapati Bhavan...

WWE wrestler Dalip Singh Rana or Great Khali calling on Madhya Pradesh Chief Minister Shivraj Singh.

WWE wrestler Dalip Singh Rana or Great Khali calling on Madhya Pradesh Chief Minister Shivraj Singh.

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.