DPIIT Releases Operational Guidelines for ₹10,000 Crore Startup India FoF 2.0

The Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry unveiled operational guidelines for the Startup India Fund of Funds 2.0. This initiative aims to deploy a ₹10,000 crore corpus through SEBI-registered Alternative Investment Funds (AIFs) to enhance private investment in startups. The Small Industries Development Bank of India (SIDBI) will lead the implementation, with additional agencies brought onboard to extend reach and capacity. The FoF 2.0 is designed to act as a catalytic fund, fostering private capital mobilization while supporting ecosystem development.

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APEDA Launches First Sea Shipment of Botanical-Infused Millet Foods to New Zealand

The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the maiden sea shipment of botanical-infused, ready-to-cook millet functional foods from Karnataka to New Zealand. This milestone underscores the expanding opportunities for India's millet-based agricultural exports, bolstered by participation in APEDA-supported international trade fairs. Source: Original Link