Foreign collaboration is an alliance incorporated to carry on the
agreed task collectively with the participation (role) of resident and
non-resident entities. Foreign collaboration agreement entered into two or more
companies, any of them being a foreign company for their mutual benefits and
thereby starting their business in another country with or without forming a
separate company.
Foreign collaboration may take place mainly in three forms:
Collaboration between Indian and foreign private companies;
Collaboration between Indian government companies and foreign
private companies; and
Collaboration between Indian Government and foreign government.
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