India reportedly plans a $25 billion deep-tech funding push

CNBC reported that India is preparing a roughly $25 billion funding push for deep-tech startups as it tries to catch up with the U.S. and China and reduce reliance on foreign technology.

In CNBC's report, deep tech includes startups working in artificial intelligence, semiconductors, advanced manufacturing, drones and space tech.

The funding breakdown in that report is attributed to Rajat Tandon, president of the Indian Venture and Alternative Capital Association. Tandon told CNBC that the government has committed $11 billion under the Research Development Infrastructure Fund, that venture capital and private equity fund managers would match that amount, and that another $3 billion to $4 billion would be added, bringing the total to roughly $25 billion for deep-tech investments.

Tandon also told CNBC that India invested $11.6 billion in deep tech over the last decade.

According to CNBC's report, the push reflects a broader effort to build domestic capacity in frontier technologies that have become more strategically important amid geopolitical tensions.