Question

“In India, joint venture companies are the best ways of doing business”. EXPLAIN WHY​

Answer 1

Explanation:

An MoU and a joint venture agreement must be marked after consulting a chartered accountant firm well versed in the Foreign Exchange Management Act; Indian Income-tax Act, 1961; the Companies Act, 2013; international laws and applicable Indian rules, regulations, and procedures.

Answer 2

Answer:

Because Labor cost is low in India

Explanation:

Joint ventures:-

when two business agree to together for a common purpose and mutual benefits. it gives rise to joint ventures.

Benefits of joint ventures:-

• Increased resources and capacity.
• Access to new markets and distribution network.
• Access to technology.
• Innovation
• Low cost of production
• Established brand name