India is preparing to invest $25 billion in deep‑tech start‑ups as part of a strategy to reduce its dependence on foreign technology and to keep pace with China and the United States.
The move comes amid growing concerns that the country’s technology ecosystem is still heavily reliant on overseas firms for advanced hardware, software and research capabilities.
By earmarking a sizeable fund for deep‑tech ventures, Indian policymakers aim to nurture homegrown innovations in areas such as artificial intelligence, quantum computing, and advanced materials.
Industry analysts say the investment could help India build a more self‑sufficient technology base and attract global attention to its growing start‑up scene.
While the exact allocation and timeline for the fund remain to be announced, the announcement signals a clear intent to compete with the technology giants in China and the United States.
<small>Source: CNBC — read the original story there.</small>