New Delhi, March 18 (IANS) The Centre will soon have a new policy to nurture and empower the deeptech startup ecosystem in the country, Rajesh Kumar Singh, Secretary, Ministry of Commerce and Industry, said on Monday.
Speaking at the ‘Startup Mahakumbh’ event in the national Capital, Rajesh Kumar Singh said that the deeptech startup policy is in the final stages of inter-ministerial discussions.
“We hope to bring it forward soon. We will hopefully move towards creating a dedicated fund of funds,” he told the gathering, adding that the country will soon see a separate window for deeptech startups.
More than 34 deeptech startups are showcasing their innovations at the Nasscom pavilion at the ‘Startup Mahakumbh’.
The event will facilitate insightful discussions across sectors including Artificial Intelligence and software-as-a-service (SaaS), D2C/consumer brands, agritech, fintech, deeptech, biotech and pharma, incubators, climate tech, E-sports, and B2B manufacturing.
India remains the third-largest tech startup ecosystem globally, with over 950 tech startups founded last year.
According to a latest report by Nasscom, in collaboration with Zinnov, investments in deeptech will continue to see an upward trend in 2024.
With Generative AI (GenAI) acceleration, 70 per cent of startup founders are embedding AI in their solutions.
–IANS
na/rad
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
