The Committee on Angel
Investment and Early Stage Venture Capital, appointed by the Planning
Commission, under the chairmanship of Shri Sunil Mitra, former Revenue
Secretary, Government of India, submitted its Report entitled “Creating
a Vibrant Entrepreneurial Ecosystem in India”.
The Committee made a presentation to the Finance Minister and the Deputy
Chairman of the Planning Commission. The report highlights the
importance of angel investment and venture capital investment as a
critical, but missing element in the financial infrastructure needed to
promote the healthy growth of medium and small ventures. It identifies a
number of initiatives in the form of “low hanging fruits” which would
promote the development of a healthy Angel and Venture Capital Industry,
and also presents a set of longer term recommendations for creating a
vibrant entrepreneurial ecosystem. The Report recommends the
establishment of a National Entrepreneurship Mission to drive the long
term agenda of inclusive growth from the entrepreneurial perspective.
Deputy Chairman, Planning Commission said that the findings of the
Report will be appropriately reflected in the Twelfth Plan document.
Following members of the Committee were also present:-
3. ShriHarkesh Mittal
5. Shri Sri Rajan
6. Shri A.K. Panda