PM Narendra Modi launches India’s ₹1 Lakh Crore Research Development and Innovation Scheme to Boost the Nation’s Innovation Ecosystem

India’s journey towards becoming a global innovation hub has taken a giant leap forward with PM Narendra Modi launching the Research Development and Innovation Scheme worth an impressive ₹1 lakh crore. This visionary initiative underscores the government’s steadfast commitment to strengthening India’s research and innovation ecosystem. The Research Development and Innovation Scheme is not merely an investment in technology—it is an investment in India’s future, one that seeks to unlock the nation’s immense potential in science, technology, and industrial development.

A Landmark Step towards Building a Self-Reliant India

The launch of the Research Development and Innovation Scheme by PM Narendra Modi represents a turning point in India’s technological journey. With a total funding of ₹1 lakh crore, the scheme aims to fuel the research ecosystem and support transformative innovations across sectors. This initiative aligns perfectly with the vision of Atmanirbhar Bharat (Self-Reliant India), placing a strong emphasis on indigenous development and innovation. Through this bold step, India’s Research Development and Innovation Scheme seeks to build world-class research infrastructure, nurture innovation-led entrepreneurship, and create employment opportunities for millions of Indians.

Bolstering India’s Research and Innovation Ecosystem

One of the core goals of PM Narendra Modi’s Research Development and Innovation Scheme is to bolster India’s research and innovation ecosystem. This scheme will empower academic institutions, startups, and industries to work collaboratively, fostering a synergy between knowledge and practical application. In today’s rapidly evolving technological landscape, innovation is the lifeblood of progress, and this ₹1 lakh crore initiative aims to ensure that Research and Development in India reaches new heights. By funding projects that address strategic national needs and future technologies, the government is paving the way for sustainable and inclusive growth.

Encouraging Private Sector Participation in Innovation

A unique feature of the Research Development and Innovation Scheme is its emphasis on private sector participation. As highlighted by PM Narendra Modi, the government alone cannot drive innovation; it must be a collaborative effort involving industries and entrepreneurs. The scheme encourages the private sector to scale up RDI in strategic and sunrise domains, creating an ecosystem where innovation thrives across diverse industries such as defence, aerospace, biotechnology, renewable energy, and artificial intelligence. This approach will bridge the gap between academia and industry, ensuring that India’s innovation ecosystem produces globally competitive technologies.

Driving Transformative Projects at Higher Technology Readiness Levels

Under the Research Development and Innovation Scheme, significant funding will be allocated to transformative projects at higher Technology Readiness Levels (TRLs). This ensures that research does not remain confined to laboratories but moves closer to real-world application. Projects demonstrating commercial viability, national importance, or potential for export growth will receive priority support. PM Narendra Modi’s innovation mission seeks to transform India from being a consumer of global technologies to a creator of world-class innovations. The scheme will thus help India accelerate the transition from conceptual research to market-ready products and solutions.

Supporting Strategic and High-Value Sectors

The Research Development and Innovation Scheme is also designed to support strategic sectors that are crucial to India’s national interests. These include defence technology, space exploration, cybersecurity, quantum computing, semiconductors, and advanced manufacturing. PM Narendra Modi’s vision is to ensure that India becomes self-reliant in critical technologies that define global competitiveness. With the backing of ₹1 lakh crore, the Research Development and Innovation Scheme will not only strengthen national security but also enable Indian industries to lead the global innovation race in strategic domains.

Facilitating the Deep-Tech Fund of Funds

A major highlight of the Research Development and Innovation Scheme is the proposal to establish a Deep-Tech Fund of Funds. This initiative will provide essential financial backing for startups and innovators working on breakthrough technologies. Deep-Tech refers to innovations based on substantial scientific or engineering challenges—such as AI, robotics, quantum computing, and clean energy systems. By setting up a dedicated Deep-Tech Fund, PM Narendra Modi’s innovation roadmap aims to transform India into a global hub for next-generation technologies. The Deep-Tech Fund of Funds will also attract global investors to participate in India’s technology revolution.

Promoting the Acquisition of Critical Technologies

Another key objective of the Research Development and Innovation Scheme is to support the acquisition of technologies that are of high strategic importance. India’s dependence on foreign technology in sectors like defence, electronics, and advanced manufacturing has been a long-standing challenge. Through this scheme, the government will prioritise acquiring and developing indigenous technologies to reduce imports and boost domestic production. This aligns with the broader goal of PM Narendra Modi’s Atmanirbhar Bharat vision, which seeks to position India as a global leader in technology and innovation through self-sufficiency and strategic foresight.

Encouraging Collaboration Between Academia and Industry

Collaboration lies at the heart of the Research Development and Innovation Scheme. PM Narendra Modi has consistently highlighted the importance of connecting academia, industry, and government to foster innovation. The scheme will promote research partnerships between universities, research institutions, startups, and established industries. These collaborations will accelerate the translation of research findings into practical applications, ensuring that innovations benefit society at large. With ₹1 lakh crore of dedicated funding, the scheme provides a fertile ground for India’s brightest minds to co-create the technologies of tomorrow.

Building an Innovation-Driven Economy

In an era dominated by technology, innovation is the backbone of economic progress. The Research Development and Innovation Scheme launched by PM Narendra Modi is a forward-looking policy that seeks to build an innovation-driven economy. By promoting cutting-edge research, nurturing startups, and supporting advanced manufacturing, this scheme will propel India toward becoming a top global economy powered by innovation. The ₹1 lakh crore investment signifies more than just financial commitment—it symbolises India’s determination to lead in global research and technological development.

Catalysing India’s Transition to a Knowledge Superpower

The Research Development and Innovation Scheme is a cornerstone in India’s journey towards becoming a knowledge superpower. With the government’s unwavering focus on education, research, and digital empowerment, the scheme acts as a bridge connecting intellectual capital with industrial growth. PM Narendra Modi’s leadership has consistently emphasised the role of innovation in achieving national progress. By nurturing a research-oriented culture and empowering young innovators, India is set to witness a new era of technological advancements driven by the Research Development and Innovation Scheme.

Empowering Startups and Entrepreneurs

Startups form the heartbeat of India’s innovation ecosystem, and the Research Development and Innovation Scheme aims to give them the resources they need to succeed. Through the Deep-Tech Fund of Funds, budding entrepreneurs will have access to crucial early-stage funding, mentorship, and technical support. PM Narendra Modi’s focus on encouraging entrepreneurship through research and innovation ensures that Indian startups can compete globally. By empowering innovators, this scheme will boost job creation, foster economic resilience, and establish India as a global startup capital.

Driving Green and Sustainable Innovations

Sustainability is a key focus of PM Narendra Modi’s Research Development and Innovation Scheme. The scheme encourages research projects that promote green technologies, renewable energy, waste management, and sustainable agriculture. India’s commitment to achieving its climate goals underlines the need for research-driven innovation that supports environmental preservation. By integrating sustainability into every layer of innovation, the scheme ensures that economic growth and environmental responsibility go hand in hand, paving the way for a greener and cleaner India.

Creating Opportunities for Youth and Researchers

With the Research Development and Innovation Scheme, PM Narendra Modi aims to unlock vast opportunities for India’s youth and researchers. This ₹1 lakh crore initiative will support young scientists, engineers, and technocrats in transforming their ideas into reality. It will promote innovation challenges, research fellowships, and incubation centres across the nation. By nurturing young minds, the government envisions a future where India’s research talent drives technological breakthroughs that benefit humanity. The scheme not only funds research but also inspires a new generation of innovators to think big and think Indian.

Enhancing India’s Global Competitiveness

Through the Research Development and Innovation Scheme, India aims to enhance its global competitiveness by focusing on high-value, export-oriented technologies. The scheme will empower Indian companies to compete in the global innovation race by producing cutting-edge products and services. As international markets increasingly value technological capability, PM Narendra Modi’s vision ensures that India becomes a key player in global research and industrial innovation. This initiative places India firmly on the path to becoming a global hub for innovation-led growth.

Strengthening National Security through Innovation

Technological advancement plays a vital role in national security, and the Research Development and Innovation Scheme is deeply aligned with this priority. By funding research in defence technologies, cybersecurity, and space innovation, the scheme aims to strengthen India’s strategic capabilities. Under PM Narendra Modi’s leadership, innovation becomes a tool for safeguarding sovereignty and ensuring preparedness for future challenges. This commitment to research in strategic domains ensures that India remains secure, self-reliant, and globally respected.

Encouraging International Collaboration and Technology Exchange

The Research Development and Innovation Scheme also opens doors for international collaboration. By partnering with global research institutions and technology firms, India can access advanced know-how while sharing its own innovations with the world. PM Narendra Modi’s policy of global engagement through innovation highlights India’s role as a responsible and forward-thinking nation. Such partnerships will enhance the global reach of Indian innovations, boosting the credibility and competitiveness of the country’s research ecosystem.

A Vision for the Future of India’s Innovation Landscape

PM Narendra Modi’s launch of the Research Development and Innovation Scheme is more than a policy—it is a declaration of intent. It represents India’s unwavering resolve to lead the world in research, development, and innovation. The ₹1 lakh crore investment will create an innovation-driven future, where every Indian innovator contributes to national growth. The scheme’s emphasis on deep-tech, private sector collaboration, and strategic innovation marks a new era for India’s technological progress.

Conclusion: Empowering a New Era of Indian Innovation

In conclusion, the Research Development and Innovation Scheme launched by PM Narendra Modi is a visionary initiative designed to transform India into a global innovation powerhouse. With ₹1 lakh crore in funding, a strong focus on strategic technologies, and an inclusive approach that brings together academia, industry, and startups, this scheme stands as a cornerstone of India’s innovation policy. From establishing the Deep-Tech Fund of Funds to supporting high-TRL projects and critical technology acquisitions, the scheme represents a holistic vision for India’s research ecosystem.

As India steps confidently into the future, PM Narendra Modi’s Research Development and Innovation Scheme ensures that innovation becomes the foundation of economic growth, technological self-reliance, and national pride. It is a testament to India’s belief that with the right support, its scientists, innovators, and entrepreneurs can shape a future defined by ingenuity, resilience, and progress.

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