From the Press Release: As part of Digital India Agenda, Government of India it is envisaged to develop the Electronic System Design & Manufacturing (ESDM) and IT Sector to achieve net zero imports by 2020. As part of this initiative, Department of Electronics & Information Technology (DeitY), Ministry of Communication and Information Technology, Government of India has appointed CanBank Venture Capital Fund Limited (CVCFL) as Fund Manager to house and manage the Electronics Development Fund (EDF). EDF as a “Fund-of-Fund” shall participate in “Daughter Funds” which in turn will provide risk capital to companies developing new technologies in the area of Electronics, Nano Electronics & Information Technology. The corpus of the EDF could be up to Rs.2,200 crore to be committed in select Daughter Funds by March 31, 2017. CVCFL organized a pre- launch event -Symposium on Electronics Development Fund in Mumbai (on Novembe...