India Readies $25B Deep-Tech Fund to Catch Up With US, China on AI and Chips

India is preparing to deploy $25 billion to support Deep Tech startups spanning AI, semiconductors, drones and space tech, as it tries to catch up with the US and China. The government committed $11 billion via the Research Development Infrastructure Fund, matched by VC/PE managers plus another $3-4 billion, per CNBC. The move follows nearly $3 billion in domestic deep-tech funding in 2025 and comes amid US tariffs that officials say are steering more capital toward India.