Foreign Venture Capital Investment is the investment made by non-resident investors by purchasing securities or units issued by Indian entities. List the sectors in which Foreign Venture Capital Investor is allowed to in
CS Executive · Economic, Business and Commercial Laws · PYQS · December 2023
Foreign Venture Capital Investment is the investment made by non-resident investors by purchasing securities or units issued by Indian entities. List the sectors in which Foreign Venture Capital Investor is allowed to invest.
Answer & Explanation:
List of sectors in which Foreign Venture Capital Investor is allowed to invest is as follows: Biotechnology; IT related or hardware and software development; Nanotechnology; Seed research and development; Research and development of new chemical entities in pharmaceutical sector; Dairy industry; Poultry industry; Production of bio-fuels; Hotel-cum-convention centres with seating capacity of more than three thousand; Infrastructure sector.
Topics: Foreign Exchange Management Act (FEMA)
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