India Unleashes $10 Billion DeepTech Revolution: Private Sector to Lead R&D Innovation Push

In a groundbreaking move, the Indian government has announced an ambitious initiative to accelerate the nation's deeptech ecosystem through private sector-driven research and development. The comprehensive plan includes establishing innovation hubs across major tech corridors, offering tax incentives for R&D investments, and creating a dedicated $10 billion fund to support startups in quantum computing, AI, robotics, and semiconductor technologies. This public-private partnership aims to position India as a global deeptech powerhouse by 2030, with a target to nurture 1,000 deeptech startups annually.

Source: Economic Times Tech