India should simplify foreign investment rules, open more sectors to VC - committee
India should encourage investment by foreign portfolio investors by scaling back the regulatory apparatus used to register and monitor inbound capital flows, according to a high-level committee. It also recommended expanding the number of sector open to foreign venture capital firms.
The committee, headed by K.M. Chandrasekhar, a former top bureaucrat, was formed to review the monitoring of foreign portfolio investments. These are defined as passive investments that do not exceed 10%...
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