India Approves $1.1 Billion State-Backed VC Program to Boost Deep Tech and AI

The approval of a R100 billion ($1.1 billion) state-backed fund-of-funds to channel capital into AI, advanced manufacturing, and other deep-tech startups signals a strategic shift toward long-horizon innovation. India’s cabinet has approved a R100 billion ($1.1 billion) venture capital program aimed at strengthening financing for artificial intelligence, advanced manufacturing, and other high-risk sectors grouped under

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