Question

what is joint sector???​

Answer 1

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The joint sector represents a new ideology of economic management geared to sub serve a new economic system. The term is applied to an undertaking only when both its ownership and control are effectively shared between public sector agencies on the one hand and a private group on the other.

Answer 2

Q. What is a Joint Sector?

Answer:

★ Joint sector industries are owned jointly by the government and private individuals who have contributed to the capital. In joint sector, both public sector and private sector join hands to establish new enterprise. It combines merits of both public and private sector. The concept of joint sector matches with the concept of mixed economy. As mixed economy is the combination of both capitalism and socialism, joint sector is combination of both public sector and private sector.

★ In joint sector financial participation is 26% from the government, 25% from private enterprise and 49% from public and financial institutions. In case of a foreign collaboration or participation with domestic partner, the share of government will be 25% ,Indian business concern 20%, foreign investor 20% and public 35% in the paid up capital. No single party can hold more than 25% of the shares without the sanction of central government.

★ Some examples of Joint Sector are:

• Indian Oil Petronas Pvt Ltd
• IOT Infrastructure & Energy Services Ltd
• Petronet LNG Limited.