28.08.2012 - India: Panel calls for Rs 5,000-cr sovereign ‘fund of funds’
A Planning Commission appointed committee has recommended creation of a Rs 5,000-crore Sovereign ‘Fund of Funds’ to aid early stage venture funds. The committee has also suggested creating new source of capital for domestic venture capital. The committee submitted its report with a presentation to Finance Minister P. Chidambaram and Deputy Chairman of the Planning Commission Montek Singh Ahluwalia. The recommendations of the Committee aim to create a ‘Vibrant Entrepreneurial Ecosystem in India.’ The committee has clubbed its recommendations under five themes...............................................Full Article: Source
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