Planning Commission has constituted a Committee on
Technological Innovation and Venture Capital to
examine innovation and technological dynamism in both
the modern and traditional sector and relationship
between research, entrepreneurship and financial
markets.
To be chaired by Dr. Nitin Desai the Committee will
also examine the policy environment for venture
capital and make recommendations, which would lead to
basic industrial research and development being
converted into new ventures. It will also suggest
policy changes to encourage the flow of venture
capital for facilitating start-ups and new ventures.
The Committee will submit its Report to the Planning
Commission by December 31st, 2005. Other Members of
the Committee are Shri Nandan Nilekani, Shri Rajiv
Lall, Shri Saurabh Srivastava, Prof. N.L. Sarda and
Shri Shravan Nigam, Adviser, Planning Commission, will
be the Member-Secretary of the Committee.
NNK : RK
(Release ID :12101)