Answer ( 1 )

  1. “​​Applicant” can be any person who is :-
    A non-resident desirous of setting-up a joint venture in India in collaboration with a non-resident or a resident; or.
    A resident desirous of setting-up a joint venture in India in collaboration with a non-resident; or
    A resident;
    Public Sector Company. (PSU)

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