PM Modi Launches ₹1 Lakh Crore RDI Fund to Boost Private Sector R&D
Prime Minister Narendra Modi will launch a massive ₹1 lakh crore Research Development and Innovation (RDI) Scheme Fund on November 3, marking a significant push for private sector-driven research in India. The fund will be inaugurated during the Emerging Science and Technology Innovation Conclave (ESTIC) 2025 at Bharat Mandapam in New Delhi.
Key Takeaways
- ₹1 lakh crore RDI Scheme Fund launch on November 3
- Aims to create private sector-driven research ecosystem
- ESTIC 2025 to host 3,000+ participants from November 3-5
- Focus on 11 key technology areas including AI, semiconductors, and quantum computing
Major Science Conclave
The ESTIC 2025 event, running from November 3-5, will bring together over 3,000 participants including Nobel Laureates, scientists, innovators, policymakers, and industry leaders. According to the PMO statement, deliberations will cover 11 critical thematic areas:
- Advanced Materials and Manufacturing
- Artificial Intelligence
- Bio-Manufacturing
- Blue Economy
- Digital Communications
- Electronics and Semiconductor Manufacturing
- Emerging Agriculture Technologies
- Energy, Environment and Climate
- Health and Medical Technologies
- Quantum Science and Technology
- Space Technologies
Platform for Innovation
“ESTIC 2025 will feature talks by leading scientists, panel discussions, presentations and technology showcases, providing a platform for collaboration among researchers, industry and young innovators to strengthen India’s science and technology ecosystem,” the PMO statement added.
Union Minister Dr Jitendra Singh emphasized that ESTIC 2025 serves as a stage for young innovators, startups, and researchers to showcase solutions, find mentorship, and connect with industry stakeholders. The forum is designed as an outcome-oriented platform that fosters collaborations between researchers, entrepreneurs, industry, and funding bodies.
