Government to back chip startups with equity, plans exit post-growth
Under the recently cleared Semicon 2.0 program, the government will acquire equity stakes in semiconductor startups, with an intention to divest once these firms expand, according to India Semiconductor Mission CEO Amitesh Kumar Sinha. Rather than seeking a controlling interest, the government will participate as a co-investor alongside venture capital firms. This ₹1.27 lakh crore initiative aims to provide equity-based support, assisting domestic chip startups in securing the capital needed for expansion.
by shortkt.com✓