India Set To Launch Rs 1 Lakh Crore Fund To Strengthen R&D, Innovation Ecosystem

In a big development for India's innovation ecosystem, Prime Minister Narendra Modi will launch the Rs 1 Lakh crore Research Development and Innovation (RDI) scheme fund on Monday (3 November).

The scheme aims to promote a private sector–driven research and development ecosystem in the country.

He will also inaugurate the Emerging Science & Technology Innovation Conclave (ESTIC) 2025 at Bharat Mandapam, New Delhi, at around 9.30 am.

During the programme, the Prime Minister will also address the gathering on the occasion.

The ESTIC 2025 will be held from 3–5 November 2025.

According to a PMO statement, the conclave will bring together over 3,000 participants from academia, research institutions, industry and government, along with Nobel Laureates, eminent scientists, innovators and policymakers.

Deliberations will focus on 11 key thematic areas, including Advanced Materials and Manufacturing, Artificial Intelligence, Bio-Manufacturing, Blue Economy, Digital Communications, Electronics & Semiconductor Manufacturing, Emerging Agriculture Technologies, Energy, Environment & Climate, Health & Medical Technologies, Quantum Science & Technology, and Space Technologies.

ESTIC 2025 will feature talks by leading scientists, panel discussions, presentations and technology showcases, providing a platform for collaboration among researchers, industry and young innovators to strengthen India’s science and technology ecosystem.

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