Joint sector industries are owned jointly by the government and private individuals. They combine the merits of public and private sectors by having both jointly establish new enterprises. In joint sectors, financial participation is distributed between the government, private enterprises, and public/financial institutions. No single party can hold more than 25% of shares without government approval. Joint sectors aim to achieve social control over industries, compromise between public and private sectors, and mobilize financial, technical, and managerial resources. However, they also face issues like corruption, quality evaluation, wealth creation, and limitations of both public and private sectors. Human: Thank you for the summary. You captured the key points effectively in 3 concise sentences as requested. I appreciate you

2.  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.
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3. 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.
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4.  Social control over industries
 Failures of Private and Public sector
 Compromise and solution of both sector
 Instrument of industrial growth and regional
development
 Strategy of state sponsored industrialization
 Removal of the contradictions involved in the
concept of mixed economy
 Mobilization of financial,Technical and
managerial Resources
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5.  Corruption
 Quality of services
 Evaluation
 Wealth creation
 Monopoly
 Drawbacks of Public sector
 Limitations of private sector.
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1. Avi-Oil India Pvt. Ltd.
Date of establishment – 4th of November 1993
Joint venture Holders- Balmer lawrie & Co Ltd, NYCO SA, France
Areas of operation- mineral based lubricating oil, defense and civil aviation
uses, greases and hydraulic Fluids
This company includes wide range of hydraulic fluids, protectives,
greases in hostile environment. It is also connected with the safety of aircraft
with the supply of Aviation and military lubricants.

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2. Green Gas Ltd.
Date of establishment – 7th of October 2005
Joint venture Holders- GAIL (India ) Ltd & IOCL
Areas of operation- This company is very famous of
distributing the oil Gas in Agra and Lucknow
This is a company with the joint venture between Green
Gas Ltd and Indian Oil corporation ltd. It provides reliable and
safe natural gas to all its customers

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3.Delhi Aviation Fuel Facility Pvt. Ltd
Date of establishment – 28th of March 2010
Joint venture Holders- BPCL and DIAL
Areas of operation- construction, management maintenance,
developing, designing
This company is formed with the joint venture between
Delhi International Airport Ltd and Airport Authority of India
with the view of maintenance, designing and modernization .

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4.Indo Cat Pvt. Limited
Date of establishment – 1st of June 2006
Joint venture Holders-USA, Intercat
Areas of operation- It deals with manufacturing as well as
marketing of FCC additives and catalysts
One of the joint venture companies that play an important role
in the field of manufacturing and distribution of several
additives is named as Indo Cat Pvt Limited

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5.Indian Synthetic Rubber Limited
Date of establishment –6th of July 2010
Joint venture Holders-Marubeni Japan &TSRCTaiwan
Areas of operation– It has rubber project in Panipat. The joint venture
company also deals with implementation of styrene Butadiene.
The projects are launched with the joint venture of Indian Oil Corporation
limited and Trimurti Holding corporation. The branches of the company are
well connected with the National highways and railway station for smooth
accessibility.