WHAT IS JOINT VENTURE/ FEATURES / TYPES | CLOUD DOWN TO EARTH
What Is a Joint Venture (JV)? A joint venture (JV) is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. . In a joint venture (JV), each of the participants is responsible for profits , losses, and costs associated with it. However, the venture is its own entity, separate from the participants' other business interests. The contract states the obligations, share of rights and liabilities, and the share of profit and loss incurred. Many companies get into a joint venture to explore a new . Let us learn about the famous ad successful examples of a joint venture. Examples Maruti Ltd. Company of India and Suzuki Ltd. Of Japan got into a joint venture to introduce Maruti Suzuki India Ltd. in the Indian market. Another is between an Indian company Mahindra Renault Ltd. and Bharti AXA General Insurance, where two completely di...
