Business Environment, 1st Edition by Pearson

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Part VI: The Industrial Sector

amongst players from the same industry and even from public

sector organizations. Further, the policy of disinvestment of the

government of India ensured profitable functioning of these once

loss-making units. government also went for the formation of

joint ventures with private companies, especially in sectors such

as housing, infrastructure, telecommunication and petroleum.

This inculcated healthy competition and benefited the end

consumers, since the cost of service or products had come down

substantially. The best thing that happened to the overall Indian

market with the growth of private sector is that it has helped to

do away with irritating and bothersome bureaucracy and lengthy

official process ...