India has approved a $1.1 billion state-backed fund-of-funds to bolster venture capital. The fund targets deep-tech and manufacturing startups by investing through private VC firms. This initiative doubles down on government support for strategic sectors.
Key Points
- 1.$1.1B fund-of-funds approved
- 2.Supports deep-tech and manufacturing startups
- 3.Invests via private venture capital firms
Impact Analysis
Boosts capital access for high-potential startups, accelerating innovation in critical areas. Strengthens India's position in global tech and manufacturing. Encourages private VC participation with public backing.
