With 90 out of 128 companies & 64% of investments, Karnataka top beneficiary of Centre's Electronics Development Fund
Karnataka received 64% of total investments from the central government's Electronics Development Fund (EDF), with Rs 854.5 crore of the Rs 1,335.7 crore invested in 128 companies.
Bengaluru alone accounted for 89 of the 128 companies backed under the scheme, including 56 in electronics system design and manufacturing and 33 in information technology.
EDF, managed by Canbank Venture Capital Fund Ltd, is a 'fund of funds' that invested Rs 257.7 crore in eight Sebi-registered venture funds, which deployed over five times that amount.
Supported firms have collectively raised around Rs 22,553.8 crore and created or acquired 373 intellectual-property assets.
EDF completed its investment phase in February 2024 and is now in the divestment phase.
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