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Business Environment by A. C. Fernando

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37

THE JOINT SECTOR

In this chapter, we study India's joint sector. We start with the proponents and opponents of the joint sector, the rationale, objectives, forms and options and types of joint sector enterprises and continue to study the evolution of Indian joint sector enterprises with foreign collaboration and finally evaluate of the joint sector. After reading this chapter, you will have a clear understanding of theory and practice of joint sector enterprises in India.

Both the public and private sectors played a significant role in the rapid industrialization of India after the country adopted the Five Year Plans in 1951. But over the next three decades or so some amount of conflict and friction between the two sectors appeared to ...

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