Reducing Foreign Dependence Vital for India’s Technological Future: Union Minister of Commerce and Industry Shri Piyush Goyal

Key Points

1. Shri Piyush Goyal addressed the TiEcon Delhi-NCR conference on October 29, 2025.
2. The theme of the conference was ‘India’s Deeptech Moment: From Digital Leadership to Technological Sovereignty’.
3. India aims to become a global engine of innovation, moving beyond being just a software provider.
4. India has over one billion internet users as of October 2025.
5. The government aims for India to become a USD 30–32 trillion economy by 2047.
6. The Startup Fund of Funds will focus on early-stage investments in deeptech ventures.
7. The Anusandhan Fund of ₹1 lakh crore (approximately USD 12 billion) will promote research and innovation.
8. India produces 15 lakh engineers and 24 lakh STEM graduates every year.