An american retail chain started doing business in india by forming a with one of india’s leading business groups.

An american retail chain started doing business in india by forming a "joint venture" with one of india’s leading business groups.

A Joint Venture (JV) is a helpful endeavor went into by at least two business elements with the end goal of a particular task or different business movement. The purpose behind a joint endeavor is typically some particular task.  

Joint ventures can be casual (a handshake) or formal, and they can be here and now or long haul. Regularly the joint endeavor makes a different business substance, to which the proprietors contribute resources, have value, and concede to how this element might be overseen.  

answer; 33,000;