Which of the following is a joint sector industry in India?
Show answer & explanation
Correct answer: C
Explanation
The correct answeris option 3 i.e. Oil India Limited.
- In India, Oil India Limited (OIL) is a joint sector company.
- With an emphasis on the discovery, production, and transportation of natural gas and oil, it is a collaboration between the private sector and the Indian government.
- OIL was founded in 1959 and is run as a joint venture, with the government owning the majority of the business.