In a landmark announcement at the Empowering Science, Technology & Innovation Conference (ESTIC) 2025, Prime Minister Narendra Modi launched a ₹1 lakh crore Research, Development and Innovation (RDI) Fund to accelerate India’s scientific and industrial progress.
The initiative aims to spur private sector investment in R&D, strengthen collaboration between industry and academia, and position India as a global innovation hub by 2030.
About the RDI Fund
The Research, Development and Innovation (RDI) Fund is designed to:
Encourage private sector-led innovation across key industries.
Support deep-tech startups, AI and semiconductor research, and clean energy solutions.
Promote public-private partnerships for cutting-edge technology development.
Bridge the gap between research institutions and industrial application.
According to official statements, this fund will be operational over the next five years and managed through a National Innovation Platform linking universities, labs, and corporations.
Key Objectives of the RDI Fund
Boost Private R&D Spending:
Incentivize companies to invest more in innovation through matching grants and tax benefits.
Create Innovation Clusters:
Establish regional RDI hubs focusing on emerging technologies like AI, quantum computing, and biotechnology.
Strengthen Academia-Industry Collaboration:
Foster partnerships between IITs, universities, and private firms for applied research.
Enhance Technology Commercialization:
Help startups convert ideas into market-ready products.
Make India a Global Innovation Leader:
Align research goals with the ‘Viksit Bharat 2047’ vision.
PM Modi’s Vision
During his address, PM Modi emphasized:
“This ₹1 lakh crore RDI Fund will empower our youth, researchers, and innovators to create solutions for global challenges — from energy security to digital transformation.”
He also highlighted India’s journey from being a technology importer to becoming a technology creator, urging industries to collaborate with research institutions to shape a self-reliant innovation ecosystem.
Expected Impact
Increased R&D Spending: India’s private R&D investment could double by 2030.
Job Creation: New opportunities in AI, biotech, space, and advanced manufacturing.
Global Competitiveness: Strengthening India’s position in high-tech supply chains.
Innovation Ecosystem Growth: Support for startups and incubation centers nationwide.
FAQs
1. What is the RDI Fund launched at ESTIC 2025?
A ₹1 lakh crore government-backed fund to promote private research and innovation in India.
2. Who can benefit from the RDI Fund?
Private companies, startups, and academic institutions involved in research and technology development.
3. What sectors will be prioritized?
AI, semiconductors, renewable energy, biotechnology, and advanced materials.
4. How will it impact India’s economy?
It will drive innovation-led growth, job creation, and global competitiveness.
5. How does this align with India’s future goals?
The initiative supports Viksit Bharat 2047 and aims to make India a top-5 innovation economy.
Published on : 3rd November
Published by : SMITA
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