Deeptech startup policy in final stages, says DPIIT secretary RK Singh

The government is in the final stages of creating a dedicated policy for deeptech startups, said Rajesh Kumar Singh, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), on Monday. He also added that the policy is currently in its final stages of discussion.

“The government is in the process of creating a dedicated deeptech startup policy. It is in the final stages of inter-ministerial discussions. After finalising the policy, the government will look to set up a dedicated Fund of Funds that would invest in Alternative Investment Funds (AIFs), which would, in turn, pump funds into deep tech startups,” said Singh. He was speaking at the inaugural session of the Startup Mahakumbh event in New Delhi.