State-run Oil and Natural Gas Corporation is the only Indian company ranked in terms of foreign assets that figures in a UN agency's list of top 100 transnational corporations from developing countries. However, there is no Indian entity in the list of top 100 TNCs in 2004 worldwide, although Mittal Steel - owned by NRI steel tycoon L N Mittal - finds a place at 76th position.
ONGC [Get Quote] is ranked 26 in the list of developing countries' TNCs. The list is dominated by firms based in Hong Kong, China, Korea and Singapore, as per the World Investment Report 2006 by United Nations Centre for Trade and Development.
The public sector oil giant had foreign assets of $4.018 billion and total assets of $18.599 billion in 2004. The company recorded foreign sales of $1.263 billion, while total sales stood at $14.492 billion.
The world's largest TNC in terms of foreign assets is General Electric. The US-based conglomerate has foreign assets worth $448 billion and total assets of $750 billion.
GE is followed by British telecom giant Vodafone, Ford Motors and General Motors of the US, British Petroleum, Exxon Mobil of US, Royal Dutch/Shell, Japan's Toyota Motors and French energy giant Total in the list of world's top TNCs.
Mittal Steel ranks 76 with foreign assets of $17.7 billion and total assets of $19.15 billion. The list of TNCs from developing nations is led by Hong Kong-based diversified group Hutchison Whampoa, with foreign assets of $67 billion and total assets of $84 billion.
Hutchison is followed by Malaysia's Petronas, Singapore's SingTel and South Korea's Samsung.
© Copyright 2008 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
|