Question
Download Solution PDFWhich of the following is a joint sector industry in India?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFKey Points
- Oil India Limited (OIL) is a joint sector industry in India.
- A joint sector industry is a type of enterprise where the ownership, control, and management are shared between the government and private individuals or companies.
- OIL is a public sector company but operates in collaboration with private sector partners, making it a joint sector company.
- It was established in 1959 and is engaged in the exploration, development, and production of crude oil and natural gas, transportation of crude oil, and production of LPG.
Additional Information
- Dabur is a private sector company known for its healthcare, personal care, and food products.
- NALCO (National Aluminium Company Limited) is a public sector enterprise under the Ministry of Mines, Government of India.
- TISCO (Tata Iron and Steel Company Limited), now known as Tata Steel Ltd., is a private sector company and one of the leading steel manufacturing companies in India.
- Joint sector industries play a crucial role in bridging the gap between the public and private sectors, leveraging the strengths of both to contribute to the economy.
Last updated on Jun 17, 2025
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