PM to Launch ₹1 Lakh Crore Fund to Boost Private Sector Investment in Research and Development
Prime Minister Narendra Modi is set to launch a ₹1 lakh crore fund at the first Emerging Science and Technology Innovation Conclave (ESTIC) 2025 in New Delhi. The fund is designed to promote private sector-driven investments in research and development (R&D). ESTIC is a flagship government event intended to be held annually to align innovation with national goals. The three-day conclave will host over 3,000 participants from various sectors. This initiative reflects the government's commitment to making India a global hub for science and technology by incentivizing private participation in high-end research.
Key Points
- The ₹1 lakh crore fund aims to catalyze private sector R&D spending.
- ESTIC 2025 is the inaugural edition of a planned annual flagship science event.
- The initiative seeks to align scientific innovation with India's long-term national development goals.
- It brings together stakeholders from academia, industry, and government.
Exam Facts
- Fund Amount: ₹1 lakh crore
- Event Name: Emerging Science and Technology Innovation Conclave (ESTIC) 2025
- Location: New Delhi
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