China's largest bank sets up $200 mn fund for Indian businesses
China's largest lender ICBC's Indian unit has set up a $200-million fund for investing in small and medium-sized Indian businesses, the Indian embassy in Beijing said. Chinese venture capital funds may also invest up to $30 million in 7-8 Indian startups, it added. Small businesses, accounting for 32% of Indian economy, are the second-biggest job providers in India after farming.