ONGC Videsh Limited has been incorporated by its parent entity ONGC for oil and gas acreages, involving exploration, development and production of…

CA Foundation · Business Economics · MTP · September 2024
ONGC Videsh Limited has been incorporated by its parent entity ONGC for oil and gas acreages, involving exploration, development and production of oil and gas outside India. Which type of foreign investment is it?
(A) A. Joint Venture
(B) B. Brownfield Investment
(C) C. Greenfield Investment
(D) D. Licensing

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Greenfield Investment

Topics: International Trade

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