$1.3 bln of venture investments in India in 2004, growth of 49%

Venture capital investments reached $1.3 bln in India in 2004, a growth of 49% over 2003, according to National Association of Software and Service Companies. In 2001 and 2002, the VC and private equity investments were at $1,135 mln and $1,050 mln respectively.