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DEVELOPING: India Unleashes $1.1B Tech Fund, Fuels Explosive Growth!

India is launching a $1.1 billion tech fund. The government approved the state-backed venture capital program this week. It will fuel explosive growth in key sectors.

The fund will channel money into startups. Private investors will manage the funds. This targets areas like AI and advanced manufacturing.

This initiative follows a 2016 program. That earlier effort invested in over 1,370 startups. It used a fund of funds model.

The new fund aims for a more targeted approach. It will back deep-tech and manufacturing startups. Further details are expected soon.

This is a developing story. We will provide updates as they become available.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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