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According to the guidelines laid by the Government of India, joint sector consists of those undertakings in which Government, private businessmen, and public own 26%, 25% and 49% of capital. In case of foreign participation and respective shares will be Government 25%, private businessmen 20%, foreign investment 20%, and public 35%

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Vidyutaa K

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2y ago
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13y ago

Joint sector industries are owned jointly by the government and private individuals who have contributed to the capital, but the day-to-day management is in private hands.

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Q: What is joint sector?
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