India has approved a $1.1 billion state-backed fund-of-funds. It will invest through private VCs in deep-tech and manufacturing startups. This doubles down on government support for innovation.
Key Points
- 1.$1.1B fund-of-funds launched
- 2.Targets deep-tech and manufacturing
- 3.Invests via private venture capitalists
Impact Analysis
Boosts India's startup ecosystem in strategic sectors. Attracts private investment and fosters tech manufacturing growth. Enhances global competitiveness.
