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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
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