Prime Minister Modi and President Trump were scheduled to meet on the sidelines of the G7 Summit. However, President Trump had to return to the U.S. early, due to which this meeting could not take place.

After this, at the request of President Trump, both leaders spoke over a phone call today. The conversation lasted approximately 35 minutes.

President Trump had expressed his condolences to Prime Minister Modi over a phone call after the terrorist attack in Pahalgam on April 22. And he also expressed his support against terrorism. This was the first conversation between the two leaders since.

Hence, Prime Minister Modi spoke in detail about Operation Sindoor with President Trump.

Prime Minister Modi told President Trump in clear terms that after April 22, India had conveyed its determination to take action against terrorism to the whole world. Prime Minister Modi said that on the night of May 6-7, India had only targeted the terrorist camps and hideouts in Pakistan and Pakistan occupied Kashmir. India’s actions were very measured, precise, and non-escalatory. India had also made it clear that any act of aggression from Pakistan would be met with a stronger response.

On the night of May 9, Vice President Vance had made a phone call to Prime Minister Modi. Vice President Vance had conveyed that Pakistan may launch a major attack on India. Prime Minister Modi had conveyed to him in clear terms that if such an action were to occur, India would respond with an even stronger response.

On the night of May 9-10, India gave a strong and decisive response to Pakistan’s attack, inflicting significant damage on the Pakistani military. Their military airbases were rendered inoperable. Due to India’s firm action, Pakistan was compelled to request a cessation of military operations.

Prime Minister Modi clearly conveyed to President Trump that at no point during this entire sequence of events was there any discussion, at any level, on an India-U.S. Trade Deal, or any proposal for a mediation by the U.S. between India and Pakistan. The discussion to cease military action took place directly between India and Pakistan through the existing channels of communication between the two armed forces, and it was initiated at Pakistan's request. Prime Minister Modi firmly stated that India does not and will never accept mediation. There is complete political consensus in India on this matter.

President Trump listened carefully to the points conveyed by the Prime Minister and expressed his support towards India’s fight against terrorism. Prime Minister Modi also stated that India no longer views terrorism as a proxy war, but as a war itself, and that India’s Operation Sindoor is still ongoing.

President Trump enquired if Prime Minister Modi could stop over in the U.S. on his way back from Canada. Due to prior commitments, Prime Minister Modi expressed his inability to do so. Both leaders agreed to make efforts to meet in the near future.

President Trump and Prime Minister Modi also discussed the ongoing conflict between Israel and Iran. Both leaders agreed that for peace in the Russia - Ukraine conflict, direct dialogue between the two parties is essential, and continued efforts should be made to facilitate this.

With regard to the Indo-Pacific region, both leaders shared their perspectives and expressed their support towards the significant role of QUAD in the region. Prime Minister Modi extended an invitation to President Trump to visit India for the next QUAD Summit. President Trump accepted the invitation and said that he is looking forward to visiting India.

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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.