India's RDI Scheme to Enhance Research and Innovation
The Union Cabinet has approved the Research, Development, and Innovation (RDI) Scheme with a budget of ₹1 lakh crore over six years to boost private sector involvement in R&D. The scheme focuses on strategic sectors like energy security, climate action, quantum computing, AI, and biotechnology, aiming to address funding gaps and promote indigenous technology development. It aligns with the 'Make in India' and 'Startup India' missions, supporting transformative projects and fostering innovation through a dedicated Deep-Tech Fund.
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