In which of the following sectors a Foreign Venture

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