In the early 1970s, the Indian government established ownership rules that led to the exodus of many foreign MNEs.

Name: In the early 1970s, the Indian government established ownership rules that led to the exodus of many foreign MNEs.
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The Indian government did establish ownership rules in the 1970s that required foreign companies to hold no more than 40% ownership in Indian subsidiaries, which led to the exit of many foreign MNEs.

In the Early 1970s, the Indian Government Established Ownership Rules