Freeman Spogli Institute for International Studies Walter H. Shorenstein Asia-Pacific Research Center Stanford University


Report of the Committee on Technology Innovation and Venture Capital


Rafiq Dossani, Shri Nitin Desai*, Shri Nandan Nilekani*, Shri Saurabh Srivastava*, Rajiv Lall*, N.L. Sarda*, Shri Shrawan Nigam*, Shri Parag Saxena*, Shri Romesh Wadhwani*, Arvind Virmani*

Published by
Planning Commission, Government of India, page(s): 24
July 2006

Recognizing that new technology is the driver of growth in the emerging environment of a knowledge-based society, the Indian Planning Commission convened a committee on Technology Innovation and Venture Capital. The Committee undertook a number of tasks, most notably:

  1. to examine innovation and technological dynamism in both the modern and traditional sectors in India;
  2. to examine the relationship between research, entrepreneurship, and financial markets;
  3. to examine the policy environment for venture capital;
  4. to make recommendations, which would lead to basic industrial research and development being converted into new ventures; and
  5. to suggest policy changes to encourage the flow of venture capital for facilitating start-ups and new ventures.

This report is the result of the committee's investigation.