![]() ![]() Tata Sons holds 51 percent stake while SIA controls the remaining 49 percent in the airline. Tata SIA Airlines Ltd: Vistara is the brand name of Tata SIA Airlines Ltd, a JV between India’s corporate giant Tata Sons and Singapore Airlines (SIA).Petronet LNG Limited: It is a joint venture among BPCL, GAIL, ONGC, and IOCL.Grupo Puma licenses the technology to the joint venture company which will invest in a modern manufacturing facility in India. Pidilite Industries, a leading manufacturer of adhesives, sealants and construction chemicals in India and Corporacion Empresarial Grupo Puma SL (Grupo Puma), a leading technical mortars manufacturer based in Spain. Pidilite Industries and Corporacion Empresarial Grupo Puma SL (Grupo Puma).Profits & Losses – The profits earned or losses incurred are distributed as stated in the agreement between the Co-Ventures.Control – The controlling rights of each party are defined in the agreement as there is no special act or governing body which controls the Joint Venture.Project or Duration – Joint Venture may be created for some specific project or duration and shall terminate once that project is completed or the duration comes to an end. ![]() Objective – A joint venture is created with a purpose that is clearly stated in the agreement.Contract – A Joint Venture is governed by a contract, the terms, and conditions of which are enumerated in the Joint Venture Agreement.access to established markets and distribution channels.Organizations enter into Joint Venture due to various reasons, some of which are, to have access to: Therefore, a joint venture is a commercial enterprise undertaken jointly by two or more parties which otherwise retain their distinct identities. As per Accounting Standard 27, “A joint venture is a contractual arrangement whereby two or more parties undertake an economic activity, which is subject to joint control.”Ī venturer is a party to a joint venture and has joint control over it. The word Joint Venture is not specifically defined. In recent times, India has become a very favorable destination for overseas companies to set up their business in India either as a Joint Venture Company or as a Wholly Owned Subsidiary. The risks and rewards of the enterprise are also shared. Joint Venture is a business proposition usually based on an agreement where the parties come together to share funds, resources, and skills to undertake a particular venture. The business world is expanding and the customer requirements are high with stiff competition all around therefore organizations are finding ways and means for expanding their business by collaborating with other organizations to achieve their objectives and gain positive synergy. Joint Ventures – Features, Advantages and Dis-advantages Background ![]()
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