It’s for deep tech startups aiming to build world-class Indian companies. The catch? It’s meant to pull in 10x private investment; ₹10 lakh crore; over the next decade. NITI Aayog’s Abhay Karandikar says this is how India will become truly Atmanirbhar in AI, quantum, space, and biotech. If it works, we could see 10 homegrown global giants emerge. Right now, private R&D spend in India is just 30%; this fund is trying to flip that. The real test? Whether startups can match government ambition with real innovation.