Tuesday, 31 March, 2026
India's ₹1 Lakh Crore RDI Fund Set to Boost Private Sector Innovation by November
By Isha
India's government is finalizing the ₹1 lakh crore Research Development and Innovation (RDI) Fund, aiming for a November launch. This initiative marks the first public investment in private R&D, utilizing a two-tier mechanism through venture capital funds, alternative investment funds, and institutions like IITs. The fund will support projects in sectors such as AI, biotechnology, and deep tech, offering long-term loans or equity contributions without an upper investment cap.
Read full story at Economic Times