Govt to set up expert panel for PE/VC investment
To attract investment from venture capital and private equity players, the government on Tuesday said it will set up an expert committee to address regulatory issues faced by the industry.
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New Delhi: To attract investment from venture capital and private equity players, the government on Tuesday said it will set up an expert committee to address regulatory issues faced by the industry.
The expert panel will suggest "appropriate" measures, Finance Minister Nirmala Sitharaman said in her Budget speech for 2022-23. Venture capital and private equity invested more than Rs 5.5 lakh crore last year facilitating one of the largest start-up and growth ecosystems. Scaling up this investment requires a holistic examination of regulatory and other frictions, she said.
"An expert committee will be set up to examine and suggest appropriate measures," she added. Ashley Menezes, Partner and COO, ChrysCapital and Head – Regulatory Affairs, IVCA, said the setting up of an expert committee to address the regulatory and other friction issues being faced by the PE industry is most welcome and much-needed step announced by the Finance Minister.
"This indicates that the government recognizes the contribution and role of the PE industry, both historically as well as for the future. This will provide a platform to address key issues faced and we look forward to having a constructive discussion with this committee," he added.
