India Official: To Set Up INR20 Billion Pharmaceuticals Venture
Fund
MUMBAI -(Dow Jones)- India will set up a INR20 billion venture capital fund to
finance research and development work in the pharmaceuticals industry, a senior
government official said Monday.
The government will set up the fund in partnership with the industry, Devendra
Chaudhry, joint secretary in the federal department of pharmaceuticals, told
reporters at sidelines of a conference.
The fund will be raised and deployed over the next three years, he added.
-By Nupur Acharya, Dow Jones Newswires; 91-22-6145-6112; ankur.relia@
dowjones.com
(END) Dow Jones Newswires
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