Indian net users to cross 1 million mark
Bangalore: Renowned research agency, IDC, today released a report that put the number
of internet subscribers in the country at 1 million by the end of this year. The report
states that the compounded annual growth rate (CAGR) of internet subscribers in this
country will be 95 per cent for the period 1999-2003 and by end-2003 the number of
subscribers will cross 7.5 million.While
the commercial segment, comprising of small, medium and large businesses is expected to
grow at a CAGR of 57 per cent, the individual home segment is expected to grow by a
mind-boggling 163 per cent, thus taking its share in the total internet user base from 20
per cent in 1999 to 67 per cent by 2003.
The main factor that is said to be influencing the
increase in the home segment is the drop in prices of multi-media computers, which
phenomenon is expected to continue in the years to come.
Back to News
Review index page
Venture
funding norms may be revised
New Delhi: The ministry of information technology is said to have cleared a proposal
that allows for easier functioning of the venture capital funds in the country.
The current restriction of a fund being unable to
invest in more than 20 per cent of the equity in any one assisted project may go. There
are also provisions to permit the funds to invest in quasi equity instruments of the
companies, including preference shares and debenture instruments. The ministry is also
said to have approved a automatic approval for 100 per cent foreign direct investment in
venture capital funds. This would obviate the need to go through the FIPB and RBI.
Back to News Review
index page
|
