Billion Deep Tech Fund for AI
India plans $25 billion Deep Tech fund for AI, chip startups
India is preparing a $25 billion funding push for Deep Tech startups,
targeting artificial intelligence, semiconductors, and space technology.
This initiative aims to bolster indigenous capabilities and reduce
reliance on foreign frontier technologies amidst evolving global tech policies.
Highlights:
India plans $25 billion Deep Tech fund for AI, semiconductors, space.
Government commits $11 billion, private capital expected to match.
Aims to reduce foreign tech dependence amid geopolitical shifts.
Deep Tech startups like Emergent, Skyroot, Sarvam achieved unicorn status.
India is set to inject approximately $25 billion into its Deep Tech ecosystem,
marking a significant strategic push to cultivate domestic capabilities in
critical areas such as artificial intelligence, semiconductors, advanced
manufacturing, drones, and space technology. This substantial funding
initiative aims to reduce the nation's dependence on foreign frontier
technologies and strengthen its position in the global tech landscape.
The funding pool comprises an $11 billion commitment from the government's
Research Development Infrastructure Fund, with venture capital and private
equity managers expected to match this contribution. Additional capital of
around $3 billion to $4 billion is anticipated, bringing the total investment
to approximately $25 billion, as stated by Rajat Tandon, President of the
Indian Venture and Alternative Capital Association (IVCA).
This planned investment represents a sharp increase in Deep Tech ambitions,
considering India invested $11.6 billion in the sector over the past decade.
Industry leaders, cited by CNBC, highlight that growing geopolitical uncertainty
has amplified the strategic importance of building indigenous technology
capabilities, ensuring access to critical technologies amid changing global
trade and technology policies.
