Latest News | Panel Looking into VC, PE Issues in Last Leg of Deliberations: Chairman Damodaran
Get latest articles and stories on Latest News at LatestLY. A high-level panel, which is looking into issues being faced by venture capital (VC) and private equity (PE) investors, is in the last leg of its deliberations, its chairman M Damodaran said on Thursday.
New Delhi, Nov 24 (PTI) A high-level panel, which is looking into issues being faced by venture capital (VC) and private equity (PE) investors, is in the last leg of its deliberations, its chairman M Damodaran said on Thursday.
"The committee is hopefully in the last leg of its deliberations. We should -- maybe in the first 10 days of December hopefully put together a report," Damodaran said at a Ficci event here.
Also Read | Scientists Showcase 3D-Printed House Made Out of Bio-Based Materials.
The Finance Ministry in September set up the committee under the chairmanship of the former Sebi chief to suggest steps for scaling up investment by VC and PE funds.
Finance Minister Nirmala Sitharaman in Budget 2022-23 had announced the setting up of an expert committee to examine and suggest appropriate measures related to venture capital and private equity.
"Venture Capital and Private Equity invested more than Rs 5.5 lakh crore last year, facilitating one of the largest startup and growth ecosystems. Scaling up this investment requires a holistic examination of regulatory and other frictions," she had said.
As per the terms of reference, the six-member panel was expected to comprehensively study, using a systems approach, the end-to-end frictions and potential accelerants from regulatory policy and taxation to facilitate ease of investing as well as to encourage investments in India.
It will also review issues and compliances and suggest simplifications and changes around further accelerating the growth of alternative capital to participate in the VC/PE industry.
The panel is expected to suggest measures to further accelerate investments into startups and the sunrise sector and recommend forward-looking measures and future-ready regulatory practices.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)