“The first task is to promote our companies, and find industrial partners (for them), and try and embed them into India’s, as well as into the global supply chain,“ Alexander Potapov, executive director of RVC, told ET. “The next stage will be to find investment partners.“
RVC will not, however, invest in consu mer and internet sectors, which have traditionally been the largest beneficiaries of risk capital over the last three years, as investors poured in billions to back ventures catering to one of the world’s largest consumer markets. “There is enough private capital investing in those segments, and they can easily find money ,“ Potapov said.
RVC, which was formed in 2006, and is a wholly owned subsidiary of the state’s Federal Agency for State Property Management (Rosimuschestvo).