Excelsior Correspondent

NEW DELHI, Dec 13 : Union Minister of State (Independent Charge) for Science & Technology, Dr. Jitendra Singh today described the Rs 1 lakh crore Research, Development, and Innovation (RDI) Fund as a historic catalyst designed to empower India’s private sector to drive the next wave of R&D, IP creation, and commercialization in frontier technologies.

Addressing the RDI Fund Outreach Programme in New Delhi, the Minister said the initiative represents a first-of-its-kind global model where the Government steps forward to financially enable private-sector innovation through long-term, unsecured, low-interest loans and equity-based instruments, signalling unprecedented trust and confidence in Indian industry.

“This is not charity or benevolence, it is a catalyst to s

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