Mint Primer: Govt’s ₹1-trillion deep tech fund: why we need it, and is it enough?
The interim union budget for FY25 announced the setting-up of a ₹1 trillion-corpus to fund deep-tech ventures. This gives India’s nascent deep-tech sectors a shot in the arm. However, there will be challenges. Mint explains why the corpus is significant.
Why does deep-tech need govt support?Deep-tech includes sectors that are heavily driven by engineering, research and development, and innovation. This niche area covers technologies that are yet to go mainstream. Innovation of…