Relationship between India and the Kyrgyz Republic is filled with goodwill from centuries of shared historical links: PM
We regard Kyrgyz Republic as a valuable partner in making Central Asia a region of sustainable peace, stability and prosperity: PM
We will work to strengthen bilateral trade & economic linkages, facilitate greater people-to-people exchanges: PM to Kyrgyz President
We shall give special emphasis to youth exchanges in our technical and economic cooperation programme with Kyrgyz Republic: PM

Your Excellency Mr. Almazbek Atambaev

President of the Kyrgyz Republic,

Ladies and Gentlemen, 

Members of the Media,

I am delighted to welcome President Almazbek Atambaev on his first state visit to India. Excellency, the warmth of your hospitality and welcome during my visit to the Kyrgyz Republic in July last year is still fresh in my mind. Your visit this time helps us to carry forward the momentum of our cooperation and high level contacts. The relationship between India and the Kyrgyz Republic is filled with goodwill from centuries of shared historical links. Our societies share a sense of warmth that permeates our contacts with Central Asia, including the Kyrgyz Republic. We are also bound by a common belief in democratic values and traditions. Much credit goes to President Atambaev for nurturing and building strong foundations of democracy in Kyrgyz Republic.

Friends,

President Atambaev and I held extensive discussions on the full range of our bilateral engagement. We focused on our common priority of diversifying and deepening bilateral engagement. We also discussed how we could work together to secure our youth and society against the common challenges of terrorism, extremism, and radicalism. We agreed on the need to coordinate and work closely in addressing and overcoming these challenges for our common benefit. We regard Kyrgyz Republic as a valuable partner in our common pursuit of making Central Asia a region of sustainable peace, stability and prosperity. The Shanghai Cooperation Organization will also give us a valuable framework to work together on these issues.

 Friends,

President Atambaev and I reviewed our cooperative engagement in the defence field. The Kyrgyz-India Mountain Bio-Medical Research Center is an excellent example of successful collaboration. It has proved to be a rewarding research initiative, which we need to build on. We have commenced work on a Kyrgyz-India Joint Military Training Center in Kyrgyz Republic. Our joint military exercises on counter-terrorism are now an annual feature. The next edition has been planned for first quarter of next year in Kyrgyz Republic. 

 Friends,

President Atambaev and I agreed on the need to connect our economies more deeply. To this end, we will work to strengthen bilateral trade and economic linkages, and facilitate greater people-to-people exchanges. We will encourage industry and business on both sides to play a leading role in exploiting opportunities in healthcare, tourism, information technology, agriculture, mining and energy. We have decided to build on our development cooperation including in capacity building and training. People have been at the center of such initiatives. We shall give special emphasis to youth exchanges in our technical and economic cooperation programme with Kyrgyz Republic. The understandings concluded today will support our thrust in these directions. In a first with the Central Asian region, we had initiated tele-medicine links with Kyrgyz Republic last year. We are taking steps to expand this project to other regions of the Kyrgyz Republic.

Friends,

India and the Kyrgyz Republic will be marking the 25th anniversary of establishment of diplomatic ties between the two countries in March 2017. As we approach this milestone, President Atambaev’s visit to India will drive the process and our efforts of deepening our partnership. It will also help consolidate the recent gains in our engagement and reinforce our ties in the months and years ahead. I wish President Atambaev a memorable and productive visit in India.

Thank You.
Thank you very much. 

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Cabinet approves Startup India Fund of Funds 2.0 to Mobilize Venture Capital for India’s Startup Ecosystem
February 14, 2026
Rs. 10,000 crore corpus to support deep tech, tech-driven innovative manufacturing startups, and early-growth stage startups

In a major boost to India’s growing startup ecosystem, the Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, has approved the establishment of the Startup India Fund of Funds 2.0 (Startup India FoF 2.0) with a total corpus of Rs. 10,000 crore for the purpose of mobilizing venture capital for the startup ecosystem of the country.

The Scheme is designed to accelerate the next phase of India’s startup journey by mobilising long-term domestic capital, strengthening the venture capital ecosystem, and supporting innovation-led entrepreneurship across the country.

Launched under the Startup India initiative, Startup India FoF 2.0 builds on nearly a decade of sustained efforts to make India one of the world’s leading startup nations. Since the launch of Startup India in 2016, India’s startup ecosystem has witnessed an extraordinary transformation growing from fewer than 500 startups to over 2 lakh Department for Promotion of Industry and Internal Trade (DPIIT)-recognised startups today, with 2025 marking the highest ever annual startup registrations.

Building on Fund of Funds for Startups 1.0

The Startup India FoF 2.0 follows the strong performance of the Fund of Funds for Startups (FFS 1.0), which was launched in 2016 to address funding gaps and catalyse the domestic venture capital market for startups.

Under FFS 1.0, the entire corpus of Rs. 10,000 crore has been committed to 145 Alternative Investment Funds (AIFs). Such supported AIFs have invested over Rs. 25,500 crore in more than 1,370 startups across the country in sectors such as agriculture, artificial intelligence, robotics, automotive, clean tech, consumer goods & services, e-commerce, education, fintech, food & beverages, healthcare, manufacturing, space tech, and biotechnology amongst others.

FFS 1.0 played a pivotal role in nurturing first-time founders, crowding in private capital, and helping build a strong foundation for India’s venture capital ecosystem.

Key Features of the Scheme:

While the first phase built the ecosystem, Startup India FoF 2.0 is designed to take Indian innovation to the next level. The new fund will have a targeted, segmented funding approach to support:

  1. Deep tech and tech-driven innovative manufacturing: Prioritizing breakthroughs in high-tech areas that require patient, long-term capital.
  2. Empowering early-growth stage founders: Providing a safety net for new and innovative ideas, reducing early-stage failures caused by lack of funding.
  3. National reach: Encouraging investment beyond major metros so that, the innovation thrives in every corner of the country.
  4. Designed to address high‑risk capital gaps: Directing greater capital to priority areas which are important for self-reliance and boosting economic growth.
  5. Strengthen India’s domestic venture capital base, particularly smaller funds to further boost the domestic investment landscape.

Startup India FoF 2.0 is expected to play a pivotal role in shaping India’s economic trajectory, leading to transformational impact.

Startup India Fund of Funds 2.0 is expected to play a critical role in advancing India’s innovation-led growth agenda. By supporting startups that build globally competitive technologies, products, and solutions, the Fund will contribute to strengthening India’s economic resilience, boosting manufacturing capabilities, generating high-quality jobs, and positioning India as a global innovation hub.

Aligned with the national vision of Viksit Bharat @ 2047, the Fund represents the Government’s continued commitment to empowering entrepreneurs, fostering innovation, and unlocking the full potential of India’s startup ecosystem.