Indian Government’s Policy towards J.V.

Indian Government’s Policy towards Joint Ventures in India

• Fair and practical policy
• J.V. allowed in all sectors
• Encouraged by the govt to promote industrial growth and upgradation of technology.
• For MNCs it has become faster way to enter the well spread Indian market, keeping this in mind, Central Govt issues guidelines in this regard while keeping in mind the industrial policy.
• It is only because of the favorable attitude of the government JVs are encouraged.

Indian Government’s Policy towards J.V. abroad

• Fair and favorable attitude of govt towards J.V. abroad
• J.V. abroad proves beneficial to India as it leads to promote exports and earn foreign exchange.
• The thapar, Singhania, Mafatlal, Godrej, Kirlosker etc have made good business expansion through J.V. abroad.