Fund of Funds 2.0: Why Govt's Rs 10,000 Cr bet will transform India's manufacturing landscape

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Fund of Funds 2.0: Why Govt's Rs 10,000 Cr bet will transform India's manufacturing landscape - YourStory

Quick Summary:

After creating 18 unicorns and mobilising Rs 90,000 Cr through its first Fund of Funds, the government is now focussing on triggering deeper tech innovation with fresh capital.

FFS programmes are, therefore, a strong signal that the government is taking the lead in nurturing innovation.

So while it is good that the government is playing a guiding role, we need to have an industrial policy strategy like Japan and Korea had in the late 20th century.