India announced a new $1.15 billion Fund of Funds for startups on Saturday while unveiling sweeping regulatory reforms and an ambitious nuclear energy program, as New Delhi seeks to boost tech innovation and clean energy in the world’s fifth-largest economy.
Finance Minister Nirmala Sitharaman, presenting the federal budget for 2025-26, said the fund builds on earlier startup funding programs that have already deployed more than $1 billion from alternate investment funds. The new fund will have an “expanded scope” compared to previous initiatives, though specific focus areas weren’t detailed in the budget.
She also outlined plans for a High-Level Committee for Regulatory Reforms that will revie
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