WPIL Ltd

(505872)

Doing business globally is an effective way for businesses to increase their earnings and market potential exponentially. Working in the global community can increase your workforce quality, product diversity, customer reach, and more. According to a recent study presented by the Organisation for Economic Co-operation and Development (OECD), as of October 2019, close to 5,000 companies with a presence in more than 11 countries accounted for 22% of the world's GDP. This figure is up from approximately 6000 companies just a few months prior in June 2019.

Expanding to global markets also comes with ethical and legal considerations that businesses should be aware of. Businesses must remain diligent in understanding the local laws, regulations, and cultural norms of the countries they work in to ensure they are providing fair and equitable service to local communities.

By conducting business globally, businesses open themselves up to a world of opportunities; be it growth opportunities, product diversity, an expanded customer base, and more. According to a recent study conducted by the Organisation for Economic Co-operation and Development (OECD), as of October 2019, close to 5,000 companies with a presence in more than 11 countries accounted for a large 22% of the world's GDP, a notable increase from the 6000 companies logged in June of 2019. With a greater understanding of both global laws and local ethics, businesses can learn how to efficiently and ethically expand into global markets and get the most out of their investments.

Share Price: ₹429.25 per share as on 21 Oct, 2024 04:01 PM
Market Capitalisation: ₹4,332.19Cr as of today
Revenue: ₹362.52Cr as on June 2024 (Q2 24)
Net Profit: ₹43.05Cr as on June 2024 (Q2 24)