Mumbai, : The Union finance ministry has set up a high-level committee to address regulatory and other issues to enable scaling up investments by venture capital and private equity investments in the country. Union Finance Minister Nirmala Sitharaman in her Budget 2022-23 speech had announced the setting up of an expert committee to examine and suggest appropriate measures related to venture capital and private equity.”Venture Capital and Private Equity invested more than Rs 5.5 lakh crore last year facilitating one of the largest start-up and growth ecosystems. Scaling up this investment requires a holistic examination of regulatory and other frictions.An expert committee will be set up to examine and suggest appropriate measures,” Sitharaman had said in her speech. The committee will be headed by former SEBI chairman Meleveetil Damodaran. Under him, there will be five members.