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February 19th, 2006
Venture capitalist Promod Haque is upbeat on India
You could call it Haque's winning formula. Counted among the world's top-notch venture capitalists, Promod Haque is on a mission to India — to help set up twin development labs in US and India. Norwest Venture Partners' general partner is currently persuading the US government to invest about $ 500 million to $ 750 million in the labs. Expected to see the light of the day in about 12 months, the labs will be focussed on "state-of-the-art non-controversial areas" like nanotech, pharma, alternate energy fuels, online security and semiconductors.
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