Indian Government Launches RDI Scheme for Private Sector R&D
The Indian government has introduced the Research, Development, and Innovation (RDI) Scheme to bolster private sector involvement in research and development. The scheme, which has a budget of ₹1 lakh crore over six years, intends to offer long-term, low-interest financial support, particularly targeting innovative startups and high-impact R&D projects in sectors such as energy, deep technology, and artificial intelligence. The initiative is expected to enhance India's technological capabilities, reduce dependence on imports, and improve global competitiveness.
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