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