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Home > News > US VC to invest $200 million in India

March 8th, 2007

US VC to invest $200 million in India

Abstract:
Interestingly, none of these areas qualify for tax benefits for venture capital firms, as the finance minister has proposed in this year's Budget restricting tax benefits to specific set of sectors like nanotechnology and seed research. The usually favoured areas for VC investments such as offshoring services (BPOs / KPOs), telecom, media and entertainment and retail do not qualify for tax benefits.

Source:
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