India Launches Rs 1 Lakh Crore RDI Fund to Boost Deep Tech
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How it started
What happened
The Department of Science and Technology implemented the RDI Fund in India, which is structured to deploy a capital of Rs 1 lakh crore over approximately 10 years. The scheme is designed to support innovation in the deep tech sector, specifically targeting Technology Readiness Level 4 and above. The implementation is carried out by the Department of Science and Technology under the Anusandhan National Research Foundation.
From indiatimes.com
Why it matters
The government stated that the RDI Fund aims to catalyze 10x investment from the private industry and create new employment opportunities. This initiative is part of the government's priority to achieve self-reliance in critical technologies.
From indiatimes.com
Who's involved
- Niti AayogThe Centre's public policy think tank, which is headed by Narendra Modi.
- Narendra ModiThe functional head and Chairman of Niti Aayog.
- Department of Science and TechnologyThe government agency responsible for implementing the RDI Fund.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- IndiaSpeculative
The economy could see new employment opportunities created through the fund's deployment.
How it developed
Newest first. Tap a step to see who reported it.- Department of Science and Technology funds AI development in India, involving Niti Aayog and tech industry advisors.Sub-event
DST implements RDI Fund in India, involving Niti Aayog and PM Modi.1 source
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The entities involved
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Niti Aayog
Policy Commission of Government of India
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Narendra Modi
Prime Minister of India since 2014
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Department of Science and Technology
Indian government agency
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