New rules for PEs, VCs soon

Jan 29, 2011 |

Correspondent

New Delhi, Jan. 28: The inter-departmental consultations between ministry of finance and ministry of corporate affairs over relaxing the regulations for private equity players (PEs) and Venture Capitalists (VCs), is at an advanced stage according to Mr R. Bandyopadhyay, secretary, ministry of corporate affairs. The secretary said that this is being done so that India attracts larger volumes of investments from PEs and VCs in areas of infrastructure, healthcare and clean energy.

The secretary said that certain rules and regulations are there for PEs and VCs but industry has been consistently demanding that these rules currently in vogue need to be modified and rationalised.

Currently, the regulations do not provide for a safer mechanism for PEs and VCs to exit. The department is working on concerns like these to encourage them to invest in India, he said.

The PE investments in 2010 were around $8 billion with over 325 deals.

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