Will PM Modi Unveil a Rs 1 Lakh Crore Scheme to Elevate Private Sector R&D?
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Synopsis
Prime Minister Narendra Modi is set to launch an ambitious Rs 1 lakh crore RDI Scheme Fund aimed at enhancing the private sector's role in India's research and development ecosystem. The upcoming Emerging Science and Technology Innovation Conclave (ESTIC) 2025 will serve as a pivotal platform for collaboration among various stakeholders in the science and technology sector.
Key Takeaways
- PM Modi will launch the Rs 1 lakh crore RDI Scheme Fund.
- The initiative aims to enhance private sector engagement in R&D.
- Over 3,000 participants will attend the ESTIC 2025 conclave.
- Discussions will cover 11 key thematic areas.
- Collaboration among various stakeholders is a primary focus.
New Delhi, Nov 2 (NationPress) In a significant advancement for the research and development landscape in India, Prime Minister Narendra Modi is poised to launch the Rs 1 lakh crore Research Development and Innovation (RDI) Scheme Fund on Monday.
The Prime Minister will kick off the Emerging Science and Technology Innovation Conclave (ESTIC) 2025 at Bharat Mandapam, where he will also address attendees.
The RDI Scheme Fund is designed to foster a private sector-driven research and development infrastructure in the nation.
Scheduled for November 3-5, the ESTIC 2025 conclave is expected to gather over 3,000 participants from academia, research institutions, industry, and government, including Nobel Laureates, distinguished scientists, innovators, and policymakers.
As per the statement from the Prime Minister's Office (PMO), discussions will revolve around 11 pivotal thematic areas, such as Advanced Materials and Manufacturing, Artificial Intelligence, Bio-Manufacturing, Blue Economy, Digital Communications, Electronics and Semiconductor Manufacturing, Emerging Agriculture Technologies, Energy, Environment and Climate, Health and Medical Technologies, Quantum Science and Technology, and Space Technologies.
“ESTIC 2025 will include engaging talks by leading scientists, panel discussions, presentations, and technology showcases, creating an avenue for collaboration among researchers, industry, and aspiring innovators to bolster India’s science and technology ecosystem,” the statement emphasized.
Union Minister of State (Independent Charge) for Science and Technology, Dr. Jitendra Singh, remarked that ESTIC 2025 serves as a platform for young innovators, startups, and researchers to present groundbreaking solutions, seek mentorship, and connect with industry stakeholders.
Structured as an outcome-oriented forum, ESTIC 2025 celebrates stakeholder contributions while promoting collaborations among researchers, entrepreneurs, industry, and funding agencies.
Point of View
I believe that this initiative by PM Modi demonstrates a strong commitment to fostering innovation within the private sector. The RDI Scheme Fund could significantly enhance India's position in the global research arena. It is essential for stakeholders to engage actively in this transformative journey to ensure that India's science and technology landscape thrives.
NationPress
03/11/2025
Frequently Asked Questions
What is the RDI Scheme Fund?
The RDI Scheme Fund is a Rs 1 lakh crore initiative launched by PM Narendra Modi aimed at boosting private sector-led research and development in India.
When will the ESTIC 2025 conclave take place?
The ESTIC 2025 conclave is scheduled to occur from November 3 to 5.
Who will participate in ESTIC 2025?
Over 3,000 participants from academia, research institutions, industry, and government, including Nobel Laureates and eminent scientists, will be present.
What thematic areas will be discussed at ESTIC 2025?
Discussions will focus on 11 key areas including Advanced Materials, Artificial Intelligence, Bio-Manufacturing, and more.
What is the goal of ESTIC 2025?
The goal is to foster collaboration among researchers, industry, and young innovators to strengthen India's science and technology ecosystem.
