AVI OIL India Pvt. Ltd. is byproduct of special arrangement between NYCO, France and two state-owned
companies of India, Indian Oil Corporation Ltd., and Balmer-Lawrie & Co Ltd. The key operative factor in this arrangement is joint ownership by several independent entities. This is a very important agreement for India since AVI-OIL manufactures Aviation Turbine Fuel (ATE) indigenously. The company also manufactures specialized and high performance lubricants. These are generally used in the aviation, aerospace and defense sectors of India. Some products manufactured by AVI-OIL are customized for use at extremely high altitudes with freezing temperatures to extremely hot climate typical of deserts. AVI-OIL has been supplying aero-engine oils, hydraulic fluids, greases, protective's and specialties to the Indian Defence
Services since 1994.
On the basis of the given information about AVI-OIL India Pvt. Ltd., answer the following questions:
(a) Identify the kind of business enterprise formed by between NYCO, France and two state-owned companies
of India.
(b) State the type of kind of business enterprise identified in part (a).
(c) Explain the key features of the kind of business enterprise highlighted in above case.
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