Need for such fund
The Indian Private Equity/ Venture Capital industry is in process of evolution. The investments by the industry have so far remained concentrated in sectors, viz. Information Technology, Communication, Entertainment, Retail, Real estate and are yet to percolate in broad-based industry sectors.
The investment under IEDF would be made to avail opportunities for investment in key & emerging sectors of the Indian economy. The Companies identified for investment under the fund will have promising business strategy and scalable business models.