Joint sector

joint secor

1. Presentation On SANT HIRDARAM GIRLS COLLEGE JOINT SECTOR COMPANIES (Subject : Business Organization) Submitted to Ms. Akansha Arora Submitted By Farheeen Khan

2. Meaning Joint Sector Joint sector industries are owned jointly by the government and private individuals who have contributed to the capital. In joint sector, both public sector and private sector join hands to establish new enterprise. It combines merits of both public and private sector. The concept of joint sector matches with the concept of mixed economy. As mixed economy is the combination of both capitalism and socialism, joint sector is combination of both public sector and private sector. 2

3. FEATURES In joint sector financial participation is 26 % from the government, 25% from private enterprise and 49% from public and financial institutions. In case of a foreign collaboration or participation with domestic partner, the share of government will be 25% ,Indian business concern 20%, foreign investor 20% and public 35% in the paid up capital. No single party can hold more than 25% of the shares without the sanction of central government. 3

4. Merits of Joint Sector Social control over industries Failures of Private and Public sector Compromise and solution of both sector Instrument of industrial growth and regional development Strategy of state sponsored industrialization Removal of the contradictions involved in the concept of mixed economy Mobilization of financial, Technical and managerial Resources 4

5. Demerits of Joint Sector Corruption Quality of services Evaluation Wealth creation Monopoly Drawbacks of Public sector Limitations of private sector. 5

6. Joint Sector Companies in India 6 Avi -Oil India Pvt. Ltd. Date of establishment – 4 th of November 1993 Joint venture Holders- Balmer lawrie & Co Ltd, NYCO SA, France Areas of operation- mineral based lubricating oil, defense and civil aviation uses, greases and hydraulic Fluids This company includes wide range of hydraulic fluids, protectives , greases in hostile environment. It is also connected with the safety of aircraft with the supply of Aviation and military lubricants.

7. Joint Sector Companies in India 7 2. Green Gas Ltd. Date of establishment – 7 th of October 2005 Joint venture Holders- GAIL (India ) Ltd & IOCL Areas of operation- This company is very famous of distributing the oil Gas in Agra and Lucknow This is a company with the joint venture between Green Gas Ltd and Indian Oil corporation ltd. It provides reliable and safe natural gas to all its customers

8. Joint Sector Companies in India 8 3. Delhi Aviation Fuel Facility Pvt. Ltd Date of establishment – 28 th of March 2010 Joint venture Holders- BPCL and DIAL Areas of operation- construction, management maintenance, developing, designing This company is formed with the joint venture between Delhi International Airport Ltd and Airport Authority of India with the view of maintenance, designing and modernization .

9. Joint Sector Companies in India 9 4. Indo Cat Pvt. Limited Date of establishment – 1 st of June 2006 Joint venture Holders -USA, Intercat Areas of operation- It deals with manufacturing as well as marketing of FCC additives and catalysts One of the joint venture companies that play an important role in the field of manufacturing and distribution of several additives is named as Indo Cat Pvt Limited

10. Joint Sector Companies in India 10 5. Indian Synthetic Rubber Limited Date of establishment – 6 th of July 2010 Joint venture Holders- Marubeni Japan & TSRC Taiwan Areas of operation – It has rubber project in Panipat . The joint venture company also deals with implementation of styrene Butadiene. The projects are launched with the joint venture of Indian Oil Corporation limited and Trimurti Holding corporation. The branches of the company are well connected with the National highways and railway station for smooth accessibility.

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