Question

    In which of the following sectors a Foreign Venture Capital Investor (FVCI) is not allowed to invest?

    A Biotechnology Correct Answer Incorrect Answer
    B Nanotechnology Correct Answer Incorrect Answer
    C Infrastructure sector Correct Answer Incorrect Answer
    D Dairy & Poultry Industry Correct Answer Incorrect Answer
    E A FVCI can invest in all of these Correct Answer Incorrect Answer

    Solution

    The term FVCI has been defined under the SEBI (Foreign Venture Capital Investor) Regulations 2000 to mean:  “an investor incorporated or established outside India, which proposes to make investments in venture capital fund(s) or venture capital undertakings in India and is registered under the FVCI Regulations”. An FVCI can invest in an Indian company engaged in: 1.Biotechnology 2.IT related to hardware and software development 3.Nanotechnology 4.Seed research and development 5.Research and development of new chemical entities in pharmaceutical sector 6.Dairy industry 7.Poultry industry 8.Production of bio-fuels 9.Hotel-cum-convention centres with seating capacity of more than three thousand. 10.Infrastructure sector

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