“The venture capital industry in India has been undergoing a downward trend for the past two years. In the current upbeat economic scenario in the country, it is imperative to promote innovation, enterprise and conversion of scientific technology and knowledge-based business ideas into commercial activity…”
Read this article by A Suryanarayana of The Institute of Chartered Financial Analysts of India (ICFAI) by going to India – Articles – 28 July 2004
Source: GT News