ESTIC 2025: PM Modi Unveils 1 Lakh-Crore R&D Fund to Drive India's Innovation Growth

ESTIC 2025: PM Modi Unveils 1 Lakh-Crore R&D Fund to Drive India's Innovation Growth

ESTIC 2025: PM Modi Unveils 1 Lakh-Crore R&D Fund to Drive India’s Innovation Growth

Prime Minister Narendra Modi inaugurated the Emerging Science and Technology Innovation Conclave (ESTIC) 2025 at Bharat Mandapam, New Delhi. He announced a 1 lakh-crore Research Development and Innovation (RDI) Fund to encourage private sector participation in research and technology.

Modi called this move a landmark achievement for India’s innovation journey. He said the initiative will provide financial support to high-risk projects that promise substantial returns. “This 1 lakh crore is for expanding capabilities, creating opportunities, and strengthening India’s leadership in the global innovation field,” he stated.