What Happened
Government Backs Local Start-Ups Amid Global Tech Competition
India is preparing to deploy $25 billion to support Deep Tech start-ups, as it tries to catch up with the U.S. and China in the global tech race. The government has committed to invest $11 billion under the Research Development Infrastructure Fund, which will be matched by venture capital and private equity fund managers. Experts say the funding push comes as the government has realized that frontier tech is becoming critical amid rising geopolitical tensions. This development was reported by an unknown source.