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In the new economy, we realize that customers are increasingly demanding the flexibility that best serves their unique business requirements. With this we provide the option of JOINT VENTURE
An organization ties up with S.P.TECHNOLAB Pvt. Ltd. by forming an independent company in which each company contributes resources. The goal is generally to work towards a "win-win" deal where both organizations hope to benefit from other's strengths.
A joint venture contract also includes build-operate-transfer (BOT) clauses to motivate both parties to work towards a clearly defined exit strategy. The BOT or its variation, build-own-operate-transfer (BOOT), may involve an option for the domestic company to sell its stake to the foreign company after a stipulated period or after agreed-upon milestones.
There are several advantages to a JV model, especially if the company is also looking to "learn" the intricacies of managing local business customs and mores from the domestic partner, which will pave the way for a subsidiary down the road.
