The union minister of commerce and industry has announced a second tranche of Rs 100 billion under the flagship Fund of Funds (FoF) scheme to accelerate innovation and strengthen India’s deep tech ecosystem. This fresh allocation builds on the initial Rs 100 billion corpus launched in 2016, reaffirming the government’s long-term commitment to fostering cutting-edge technologies.
The second tranche was first revealed by finance minister during the Union Budget for 2025-26. It aims to support start-ups and ventures in emerging technologies, especially in the deep tech domain.
Highlighting the broader economic context, the minister noted that India has advanced from being the world’s eleventh largest economy in 2014 to the fifth-largest today, and is projected to become the third-largest by 2027.
