Prime Minister Narendra Modi has launched a new national fund of ₹1 lakh crore to support research, technology, and innovation in India. The announcement was made during the Emerging Science and Technology Innovation Conclave (ESTIC) in New Delhi.
The goal of this fund is to encourage private companies and industries to invest more in research and development. The government wants India to become a leader in new technologies, not just a user of technology made in other countries.
What the Fund Will Support
The money will help companies working on:
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Artificial intelligence
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Deep-tech and advanced technology
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Space and defence research
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Robotics and advanced manufacturing
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Scientific innovation and new industries
The scheme will offer long-term financial support for projects that are high-risk but can bring big benefits to the country.
Why This Matters
India spends less on research compared to many developed countries. With this fund, the government hopes to:
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Boost innovation
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Support Indian startups and industries
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Create new jobs in science and technology
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Make India strong in future-ready sectors
The Prime Minister said the initiative will help Indian youth and scientists build world-class technology and create a strong innovation ecosystem.
What Happens Next
More guidelines will be released soon explaining how companies and research groups can apply for the funding. The government is expecting this move to attract more private investment and help India move toward becoming a global technology leader.