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PM Narendra Modi
PM Modi today is set to launch a ₹1 lakh crore Research, Development and Innovation (RDI) scheme while opening the Emerging Science and Technology Innovation Conclave (ESTIC 2025) in New Delhi.
The fund will support private companies working on new technologies like artificial intelligence, semiconductors, and advanced manufacturing. The government says this will make India stronger in research and help more industries focus on innovation.
PM Modi’s ₹1 lakh crore R&D fund: what it aims to do
The RDI scheme will run for six years with a total outlay of ₹1 lakh crore, and about ₹20,000 crore will be used in the first year.
The goal is to help companies invest in long-term research and reduce India’s reliance on imported technology.
Unlike regular government schemes, this one will not give short-term loans or direct grants. Instead, it will support companies through low or zero-interest loans and investments in deep-tech projects. The focus is on helping businesses take big research risks with long-term results.
Speaking about the launch, PM Modi said, “This Rs 1 lakh crore is for you. It is to increase your capabilities. It is to open new opportunities for you. Our effort is to promote research and development in the private sector as well.”
Officials said the plan will give a strong push to areas such as AI, semiconductors, clean energy, space technology, and advanced materials.
By involving the private sector more deeply, the government hopes to make India a key player in technology-based industries.
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ESTIC 2025: Bringing scientists, startups, and industry together
The Emerging Science and Technology Innovation Conclave (ESTIC 2025) is being held at Bharat Mandapam in New Delhi from November 3 to 5.
The event has over 3,000 participants including scientists, researchers, students, and business leaders.
The conclave covers 11 key areas such as artificial intelligence, quantum science, health, energy, and agriculture.
The government hopes it will help research ideas move faster from labs to real-world use, supporting India’s aim to become a global leader in technology and innovation.