PM addresses the statement to media during the Joint Press Briefing with President of Uzbekistan at Tashkent
India's relationship with Uzbekistan has ancient roots and has left a strong imprint on both Nations: PM
Few countries can match Uzbekistan in nurturing Hindi & Indian culture: PM Modi
PM Modi, President Karimov discuss various initiatives to further enhance connectivity between India and Uzbekistan
India & Uzbekistan agree to strengthen cooperation in defence and cyber security

His Excellency President Islam Karimov, President of Uzbekistan, Members of the Media,

I am delighted to be in the historic and beautiful city of Tashkent. It carries the warmth of familiarity that comes from sights and stories we grow up with.

I thank President Karimov and the people of Uzbekistan for their very warm welcome and hospitality.

It is a pleasure to meet President Karimov. He has led with great vision and wisdom to steer Uzbekistan’s progress and advance peace and prosperity in the region.

Today, I have embarked on a five-nation tour of Central Asia. It reflects our resolve to start a new era in our relations with Central Asian Republics.

Our relationship with the region has ancient roots and has left a strong imprint on both. It now occupies a significant place in India’s future.

I have begun my journey in Uzbekistan. This underlines this nation’s importance for India, not just in the context of this region, but also more broadly in Asia.

In recent years, India and Uzbekistan have built a strategic partnership on the foundation of mutual respect and shared interests.

This includes expanding economic cooperation, combating terrorism, advancing stability in the region and promoting regional integration.

President Karimov and I had very cordial and productive discussions. His perspectives will be of immense benefit to me in the days ahead.

I share President Karimov’s desire to raise the level of our economic engagement. I conveyed to him that there is a strong interest in Indian business to invest in Uzbekistan. There is immense potential in a broad range of areas in Uzbekistan. I have urged him to make the process and the policies for Indian investments here smoother. President responded positively to my suggestion.

President was also supportive of strengthening our ongoing cooperation in the areas of agriculture, Information Technology and energy.

We also discussed steps needed to implement the contract for supply of uranium from Uzbekistan signed earlier.

President Karimov and I discussed various initiatives to further enhance connectivity between India and Uzbekistan.

I briefed him about the International North South Transport Corridor and proposed that Uzbekistan consider becoming a member. I sought his support for India joining the Ashgabat Agreement.

I am pleased with the agreements in the areas of Culture and Tourism, because they will bring our people closer.

Few countries can match Uzbekistan in nurturing Hindi and Indian culture. Tomorrow, I look forward to meeting a vibrant group of Indologists and Hindi linguists.

India will expand cooperation in capacity building through increase in the number of training offers in India. Consistent with our commitment, the Uzbekistan-India Information Technology Centre has been upgraded this year.

I welcome President Karimov’s assurance to ensure speedy completion of the Entrepreneurship Development Centre being set up in Tashkent.

We also discussed regional and international issues, including the situation in Afghanistan. We also have shared concerns on the rising threat of extremism and terrorism in our extended neighbourhood.

We agreed to intensify security cooperation and exchanges. The bilateral Joint Working Group on Counter Terrorism will meet later this year. We also agreed to strenghen cooperation in defence and cyber security.

We look forward to working together within the framework of the Shanghai Cooperation Organization.

Tomorrow, I will be paying a visit to the Monument of Independence and Humanism and the Memorial of Late Indian Prime Minister Lal Bahadur Shastri. We are thankful to the people of Tashkent and Uzbekistan, for preserving the legacy of our former Prime Minister.

This has been a very rewarding visit. It has sown the seeds of a rich harvest in the years ahead.

I look forward to the opportunity of receiving President Karimov in India.

Thank you again for your hospitality and a wonderful meeting. Thank You.

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శ్రీరామ జన్మభూమి ఆలయ ధ్వజారోహణ ఉత్సవం సందర్భంగా ప్రధానమంత్రి ప్రసంగం

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శ్రీరామ జన్మభూమి ఆలయ ధ్వజారోహణ ఉత్సవం సందర్భంగా ప్రధానమంత్రి ప్రసంగం
Startup India recognises 2.07 lakh ventures, 21.9 lakh jobs created

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Startup India recognises 2.07 lakh ventures, 21.9 lakh jobs created
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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.