VENTURE CAPITAL MAGNET

India continues to attract venture capital firms seeking extra-ordinary returns. The country’s attractiveness is highlighted by the fact that about 60 foreign investment firms have expressed eagerness to invest in India, as per data as on May 31, according to the country’s stock market regulator Securities and Exchange Board of India (SEBI).

Currently, there are 129 foreign venture funds and 132 domestic funds operating in India. These funds collectively invested about $8 billion in FY 2008-09, with almost equal amount of investments.

Real Estate sector emerged favourite, attracting $1.4 billion of investments followed by telecommunication and services sectors sharing the second slot at about $630 million each and information technology $550 million, respectively.