ICEA talks to funds to set up an exchange for hi-tech India firms

The electronics industry has begun discussions with fund houses to set up a sub-exchange which could be along the lines of the Shanghai Stock Exchange STAR Market. The SSE STAR Market has been touted as Shanghai’s Nasdaq which allows Chinese companies in high-tech and strategically emerging sectors with greater access to capital markets. The move to set up such an exchange in India comes at a time when the government harbours ambitions of touching $1 trillion in electronics production in the next five years.

The discussions are being led by Electronics industry body ICEA (India Cellular & Electronics Association).