'Venture capital can birth 4 cr jobs'
AGENCIES
Posted: Monday, Aug 27, 2012 at 1810 hrs IST
New Delhi: Venture capital investments have the capacity to generate Rs 10 lakh crore revenue and create four crore jobs in the next decade, a Planning Commission expert group has said.
Boosting VCI can result in creating 2,500 new successful high growth ventures and can repeat success of IT/BPO sector in three or four other industries in the next 10 years, said the committee on angel investment and early stage venture capital set up by the Planning Commission in a report submitted to the Finance Minister.
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