Deep-tech policy in final stages, says DPIIT secretary

The government is in the final stages of developing a dedicated policy to foster deep-tech startups, Rajesh Kumar Singh, secretary, department for promotion of industry and internal trade (DPIIT), said on Monday. Delivering his inaugural address at the Startup Mahakumbh, he said inter-ministerial consultations are under way and the policy could be released soon.

“What matters in startups is the ability to commercialise and develop intellectual property rights, it’s not enough to do innovation. Deep tech and extensive R&D is the answer to that. And for the same, the government is in the process of creating a separate dedicated deep-tech startup policy,” he said.