Key takeaways: US and Indian venture capitalists have formed an alliance, called the India Deep Tech Investment Alliance (IDTIA), and pledged $1B to fund deep tech Indian startups. Indian startups struggle with bureaucracy, red tapism, compliance burdens, and high taxes, which is why most Indian businesses operate from foreign countries. India’s deep tech startups are set to receive a major boost with the launch of the India Deep Tech Investment Alliance (IDTIA), which has pledged a $1B fund to strengthen deep tech development in the country. Local incorporation : Currently, many Indian tech startups are headquartered in the US, which is why RDI requires local incorporation as a key condition. : Currently, many Indian tech startups are headquartered in the US, which is why RDI requires local incorporation as a key condition.