India revises deep-tech funding rules, widening eligibility window

The Indian government has revised its criteria for deep-technology startups, extending the eligibility window to 20 years and introducing a new certification process for access to public funding and tax incentives, according to the Department for Promotion of Industry and Internal Trade. The revised framework applies to India-incorporated companies in areas including artificial intelligence, biotechnology, quantum computing, and advanced materials, while excluding digital platforms and consumer internet applications.

What changes: Startups with annual revenue of up to INR 3 bn will be required to undergo certification by an inter-ministerial board to be eligible for government funding programs, tax incentives, and intellectual property support under the updated rules.

MENA backdrop: While Indian startups and venture funds are increasingly using the UAE and the wider Gulf as markets for overseas expansion, the new rules by the Indian government will prove as a first vetting ground for deep tech startups seeking global capital.

ACME Solar secures 220 MW solar-storage project

Gurugram-based renewable power producer ACME Solar Holdings has secured a 220 MW solar project with battery energy storage at the Morena Solar Park in Madhya Pradesh under a tender floated by a government firm, PTI reports. The project highlights growing investment windows for Gulf investors in India’s fast-growing clean energy market.

UAE-based MS Holdings kicks off Global Capability Centre ops in Kerala

UAE-based MS Holdings has started operations at its Global Capability Centre in the southern state of Kerala, the Hindu Businessline reports. The center will support global functions including technology services and financial research and development, serving as a core hub for the group’s overseas operations.

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