Govt Approves Fund Managers for ₹1 Trillion Deep-Tech RDI Scheme

The Indian government has approved two fund managers to handle a huge ₹1 trillion fund for deep-tech research.

This fund is meant to help Indian companies develop new technologies in areas like electronics, semiconductors, and quantum computing.

The government is also looking to approve two more fund managers soon.

The fund will be open to Indian companies that are controlled by Indian citizens.

The government will match the funds raised by these companies from private investors.

The first applications for this fund are expected to open in March 2026.

The goal is to boost India's ability to create high-tech products locally.