India is top Venture Capital target: Survey

By agencies   |   Thursday, 23 June 2005, 07:00 Hrs
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NEW DELHI: India holds the most investment interest for U.S.-based venture capital companies, 20 percent of which plan to increase their global activity, a survey found.

India along with Canada, Mexico, Europe, Israel and the U.K. round out the top eight target countries, according to a survey released today by Deloitte & Touche LLP and the National Venture Capital Association. The survey covered 222 U.S. venture capital firms.

``Most U.S. VC firms have an international strategy in place,'' Mark Heesen, president of the National Venture Capital Association, said in a statement.

A survey of 545 venture capital companies globally found the U.S. remains the most attractive investment destination, Deloitte and the association said. Of the U.S. venture capital firms that plan to invest abroad, 42 percent intend to do so with other investors that have a presence in that country and 39 percent plan to develop strategic alliances with non-U.S. firms.

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