India's ₹1 Lakh Crore RDI Fund: A Catalyst for Innovation
Union Minister Dr. Jitendra Singh announced the ₹1 lakh crore Research, Development and Innovation (RDI) Fund, aimed at boosting private-sector R&D in key sectors like AI, semiconductors, and clean energy. The fund, described as a transformational catalyst, will provide long-term loans and equity-based capital to support innovation and commercialization. The initiative is part of a broader strategy to position India as a global leader in deep-tech innovation, with a focus on collaboration among industry, investors, and start-ups.
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