via Paul Woodward from TK YATISH RAJAWA at The Economic Times (Online) [India Times]:
"International Data Group (IDG) is setting up a $150 million venture fund for India. The US-based $2.7 billion publishing and research company is active in venture investing in markets like China. There it had put in money in companies like Sohu.com. It’s just about taking interest in India.
“We feel there is a tremendous opportunity here due to the inherent entrepreneurial nature of Indians to create global companies,” the founder and chairman of IDG, Patrick J McGovern said [...] "
See earlier entries 'India': e.g. 'India's Media Market is Booming'