ICEA talks to funds to set up an exchange for hi-tech India firms
fund houses to set up a sub-exchange which could be along the lines of the Shanghai Stock Exchange STAR Market. The SSE STAR Market has been touted as Shanghai's Nasdaq which allows Chinese companies in high-tech and strategically emerging sectors with greater access to capital markets. The move to set up such an exchange in India comes at a time when the government harbours ambitions of touching $1 trillion in electronics production in the next five years.
The discussions are being led by Electronics industry body ICEA (India Cellular & Electronics Association).
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Offering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIIM KozhikodeIIMK Advanced Data Science For ManagersVisit«We have initiated discussions in the last two weeks to set up an exchange which is something like the SSE STAR where high tech companies, including those involved in semiconductor product design and other emerging technologies, which have very good valuations, can have investors pump capital and fuel their buoyant and bright future due to the large market potential,» ICEA founder Pankaj Mohindroo told ET.
He said these are industries which are just emerging and ICEA has started having discussions with fund houses. However, he declined to name which funds the organisation was in talks with.
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