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India reportedly plans a $25 billion deep-tech funding push

CNBC reports Rajat Tandon said India is preparing a roughly $25 billion deep-tech investment pool, including an $11 billion government commitment that he said would be matched by venture capital and private equity managers, plus another $3 billion to $4 billion.

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1 Source, 12d ago, first seen 12d ago

TLDR

CNBC reports India is preparing a roughly $25 billion push for deep-tech startups as it tries to catch up with the U.S. and China and reduce reliance on foreign technology. In remarks to CNBC, Rajat Tandon said that total includes an $11 billion government commitment, matching private capital, and another $3 billion to $4 billion. He also said India invested $11.6 billion in deep tech over the last decade.

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1 Source, first seen 12d ago

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Combined views

4.6K

1 Source, first seen 12d ago

12 likes1 comments1 saves3 reposts

CNBC reported that India is preparing a roughly $25 billion funding push for deep-tech startups as it tries to catch up with the U.S. and China and reduce reliance on foreign technology.

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In CNBC's report, deep tech includes startups working in artificial intelligence, semiconductors, advanced manufacturing, drones and space tech.

The funding breakdown in that report is attributed to Rajat Tandon, president of the Indian Venture and Alternative Capital Association. Tandon told CNBC that the government has committed $11 billion under the Research Development Infrastructure Fund, that venture capital and private equity fund managers would match that amount, and that another $3 billion to $4 billion would be added, bringing the total to roughly $25 billion for deep-tech investments.

Tandon also told CNBC that India invested $11.6 billion in deep tech over the last decade.

According to CNBC's report, the push reflects a broader effort to build domestic capacity in frontier technologies that have become more strategically important amid geopolitical tensions.

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3 Sources

CNBCIndia readies $25 billion for Deep Tech investment as U.S. and China race ahead12d
YouTubeIndia’s $25 Billion Deep Tech Push: Can It Catch Up With U.S. And China?10d
Techmeme@TechmemeIndia plans to invest up to $25B in its nascent deep tech industry, as it looks to catch up with the US and China, after investing $11.6B over the past decade (@priyanka_salve / CNBC) (Visit Techmeme dot com for the link and full context!)12d
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    3 Sources

    CNBCIndia readies $25 billion for Deep Tech investment as U.S. and China race ahead12d
    YouTubeIndia’s $25 Billion Deep Tech Push: Can It Catch Up With U.S. And China?10d
    Techmeme@TechmemeIndia plans to invest up to $25B in its nascent deep tech industry, as it looks to catch up with the US and China, after investing $11.6B over the past decade (@priyanka_salve / CNBC) (Visit Techmeme dot com for the link and full context!)12d
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