The Economic Times reported that the latest ET Startup Awards highlighted a surge of government support and patient capital fueling India’s ambitions in artificial intelligence and semiconductor manufacturing. Satyan Gajwani, speaking at the ceremony, underscored policy incentives that have unlocked billions of rupees for domestic chip fabs and AI research labs, positioning the country as a rising contender against traditional Asian powerhouses.

Analysts note that the announced investment of Rs 13,700 crore, alongside a Rs 9.34 lakh crore mobile‑phone production target in the Economic Survey 2025‑26, signals a coordinated effort to close the technology gap. The awards also showcased startups leveraging AI for everything from agritech to fintech, suggesting a broadening ecosystem that could attract further foreign venture dollars and deepen India’s role in global supply chains.

This story was written by a language model from reporting by The Economic Times. Check the original before quoting it.