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Bank of America division in India technology venture

Published on .

Bank of America Corp. venture capital division Bank of America Equity Partners-Asia has launched a venture to invest in start-up technology companies in India. Bank of America Equity, Charlotte, N.C., is teaming with Sivan Securities Ltd., Bangalore, India, in the venture, Global Technology Ventures. Part of the investment, which is undisclosed, will be used to build a 59-acre technology park in Bangalore. U.S. venture capitalists and financial companies are slowly expanding into India's technology sector.
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