New Delhi, Sept. 2 -- In a significant step aimed at developing deep-tech ecosystem in India, a new industry coalition, India DeepTech Alliance (IDTA), was unveiled here on Tuesday with an initial commitment of over $1 billion from investors.

The Alliance was unveiled on the first day of Semicon India 2025, and eight investors have committed USD one billion to it in the past week.

Nishith Desai, Founder of Nishith Desai Associates, a leading research-based strategic global law firm, said there is no dearth of talent in India.

"We have formed what is called the India Deep-Tech Alliance Investment, and eight investors have committed $1bn to it within a week. This is just the first phase. The government will contribute equally, so that ma...