It’s the government’s clarion call for the private sector—corporates, start-ups, and industry consortia—to become leading architects of national growth and global competitiveness

The Government of India and the Department of Science and Technology (DST)deserve heartfelt congratulations on the visionary launch of the ₹1 lakh crore Research, Development, and Innovation (RDI) Scheme Fund, unveiled today at the ESTIC 2025 conclave by Hon’ble Prime Minister Shri Narendra Modi. The swift formal launch of this transformative fund—within just four months of the Union Cabinet’s approval—highlights the unprecedented R&D momentum sweeping the nation, focused on building an ecosystem where innovation thrives, new industries are born, and high-quality jobs are generated.

This historic initiative marks a defining moment in the journey toward realising the vision of Viksit Bharat by 2047, establishing India as a true Product Nation. It’s govt’s clarion call for the private sector—corporates, start-ups, and industry consortia—to become leading architects of national growth and global competitiveness by driving translational research and effectively bridging the gap between academic discovery and market-ready solutions.

By enabling technologies to progress from mid-level readiness to full-scale deployment, the fund will play a catalyst in developing globally competitive products and solutions across strategic and emerging sectors. It will also spark more robust public-private partnerships, boost investments in indigenous R&D, and in stil confidence in India’s innovation leadership. The private sector must seize this decisive opportunity to accelerate the country’s journey toward technological sovereignty and global excellence.