India, Feb. 4 -- The Centre is likely to consider capex-heavy sectors with long gestation periods, like electric vehicles (EVs), rocket engines, robotics, nanotechnology, semiconductor, artificial intelligence (AI), among others, for the proposed fund of funds (FoF) for the deeptech sector, Department for Promotion of Industry and Internal Trade (DPIIT) secretary Amardeep Singh Bhatia said.

The Indian deeptech sector needs patient capital and nurturing for the startups in the segment to grow, and the FoF aims to provide this critical support, Bhatia told journalists.

In her Budget 2025-26 speech, finance minister Nirmala Sitharaman said that the government would explore setting up a FoF for the deeptech sector to "catalyse next generati...