India commits second tranche of Rs 10,000 crore to support deep tech: Piyush Goyal

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Union commerce and industry minister Piyush Goyal has announced a second tranche of Rs 10,000 crore to promote innovation and strengthen the deep tech ecosystem.

“We are formulating guidelines to ensure that this money is directed towards promoting innovation, facilitating the absorption of newer technologies, and supporting the development of contemporary technologies,” Goyal said at the sixth edition of IIT Madras and IITM Alumni Association’s Sangam 2025 event in Bengaluru.

The current fund, part of the flagship Fund of Funds (FoF), was first…



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India commits second tranche of Rs 10,000 crore to support deep tech: Piyush Goyal



Union commerce and industry minister Piyush Goyal has announced a second tranche of Rs 10,000 crore to promote innovation and strengthen the deep tech ecosystem.

“We are formulating guidelines to ensure that this money is directed towards promoting innovation, facilitating the absorption of newer technologies, and supporting the development of contemporary technologies,” Goyal said at the sixth edition of IIT Madras and IITM Alumni Association’s Sangam 2025 event in Bengaluru.

The current fund, part of the flagship Fund of Funds (FoF), was first…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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