Venture capital fundraising slowed in 2013 as a handful of firms continued to rule the market, but the year saw more firms closing on capital than in 2012, with an upswing at the early-stage level.
It could be taken as sign of 2014 fund raising boom, though the $19.66 billion raised was 10% less than the $21.86 billion committed in 2012 but its a good number indeed taking into account all the negative developments in China and India.
SHANGHAI -- The Chinese government is pushing for a drastic shakeout of the country's overcrowded solar cell industry, supporting only a quarter of players and practically telling the rest to get out of the business.
The Ministry of Industry and Information Technology has announced a list of 134 producers of silicon materials, solar panels and other components of photovoltaic systems as meeting certain conditions, as measured by 2012 production, capacity utilization and technical standards.
Finally how long can China stretch? It could be taken as an early sign of implementation of proposed measures in third plenum refom agenda. I guess we've started getting answers now. Government's withdrawal of support from such companies will definitley make Indian manufacturer more competitive.
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