| Topic : Venture capital in India |
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Venture Capital in Technology Startups |
Franklin Templeton Investments |
Deloitte Touche Tohmatsu India |
2 more ...
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Source : http://www.domain-b.com
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1 comments
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last activity : 07 06 2010 20:18:04 +0000
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"If there is one place on the face of this Earth where all the dreams of living men have found a home from the very earliest days when man began the dream of existence, it is India". Romain Rolland, French philosopher
The Indian economy has witnessed significant change in the last decade. Almost all the sectors have been opened up for private participation. Import licensing has been abolished and Import duties have now been rationalized to internationally acceptable levels. Peak import duty is now at 15 per cent. The process of reforms since independence in 1947 has been slow but steady. The 50s through the 70s saw agricultural reforms, 80s up to the mid-90s was the phase of industrial reforms, while the post-90s era has seen the emergence of information technology and service sector reforms, showcasing India as an information technology and service industry powerhouse.
The Indian venture capital sector has been active despite facing a challenging external environment since 2001 and a competitive market scenario. According to Indian Venture Capital Association (IVCA) yearbook, in the year 2001, India ranked as the third most active venture capital market in the Asia Pacific region (excluding Japan). There were 5214 Venture Capital Funds (VCFs) and around 15 foreign VCFs registered with SEBI in 200515 . According to provisional data available, SEBI registered VCFs have made a total investment of about USD 430 million approximately in Indian companies as on March 2003. There is an increased interest in India, reflected by a high number of funds that operate in India with estimated assets under management worth about USD 6 billion.
Over the past decade, the Information Technology (IT) industry has become one of the fastest growing industries in India. The IT industry has two major segments, software development and IT enabled Services (ITeS)/ Business Processes Outsourcing (BPO). India has emerged as a preferred base for ITeS. The reasons why it is difficult to ignore a market that offers the best of the three key location-based advantages:
- A skilled workforce,
- Lower costs and
- Growing domestic market.
Also Venture capital investment in India''s growing online market is also picking up speed. The Internet user base in the country, which is expected to reach 100 million by 2010, from 70 million today, has resulted in renewed venture capital interest in funding start-ups seeking to tap online spending.
So to conclude it could be said that India is becoming a hot favourite destination for the Venture Capital Comapnies and in few years we will see more and more number of companies in India.
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