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February 28th, 2007
Budget aims at wooing VCs
To spur further venture funding in India, P Chidambaram made a special provision in the budget in knowledge-oriented sectors.
He has proposed to grant ‘pass-through' status to venture capital funds only in VC undertakings in biotechnology; information technology relating to hardware and software development; nanotechnology; seed research and development; research and development of new chemical entities in the pharmaceutical sector, poultry sector and production of bio-fuels.
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