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    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:Ā  ā€œan 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 Regulationsā€. 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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