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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (592)	2/4/2000 1:41:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 1471

Venture Capital investment set to touch Rs 32 billion ($736 mil) 04-02-2000 21:11:49 (iil) The country attracted Venture Capital to the tune of Rs 14 billion ($322 million) in 1999, almost double of what venture capitalists invested in the country in the previous year. Disclosing this today, Devang Mehta, President of Nasscom, said that the quantum of investment was set to increase to Rs 32 bn ($736 million) , an increase of over 120% during the current calendar year. Nasscom expects the investments to increase to Rs 450 billion ($10.3 billion) by 2008. "India has witnessed all its venture-backed IPOs earning a 44.6% return over a typical five year holding period as compared to 22.5% return that non-venture backed IPO earned," Mehta observed. Mehta added that Nasscom has along with McKinsey, put in place a blue print to make India one of the top five destinations for technology worldwide. During the last 11 new VC funds set up shop in the country taking the number to 19.