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India:Venture Capitalists eye textile sector |
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2005-3-30
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While IT sector will top with the number of deals, it is the textiles sector which is set to corner the most money from venture capital and private equity firms during the January-March 2005 quarter.
As per data released by TSJ Media, which tracks VC investments in India and Indian-founded companies worldwide, the private sector and VC sector attracted a total of $1.12 billion investments during 2004-05 compared with $780 million during 2003-04, showing a solid 42 per cent growth.
Sintex Industries and Welspun India were the two textile sector companies involved in raising $73 million from the VCs. |
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