Govt constitutes M Damodaran committee to suggest ways to attract VC/PE investments

Tags: committee Economy/Finance

The Union Ministry of Finance on 13 September 2022 has set up a committee to suggest ways to attract venture capital and private equity (VC/PE) investments in India. 

IMPORTANT FACTS -

• The Committee will be headed by the former chairman of the Securities and Exchange Board of India (SEBI), M Damodaran.
• The Finance minister in her Budget speech for the fiscal year 2022-23 had stated that the government was considering forming a committee that will encourage Private Equity and Venture Capital investment in India.
• According to the Ministry the  committee will "comprehensively study, using a systems approach, the end-to-end frictions and potential accelerants from regulatory policy and taxation to facilitate ease of investing, as well as to encourage investments in India".

Venture Capital Fund and Private Equity are regulated by SEBI in India.