India’s ₹1 lakh crore RDI fund to write its first cheque in 2–3 months, says Principal Scientific Adviser

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India’s ambitious ₹1 lakh crore Research Development and Innovation (RDI) Scheme is moving at “a very, very good pace” and could disburse its first tranche of funding within the next two to three months, according to Principal Scientific Adviser to the Government of India, Ajay Sood.

“That’s our target,” Sood told CNBC-TV18 in an exclusive interview. “There is a lot of enthusiasm that we now have to convert into action. And we can’t do it alone—from the government, yes—but we need cutting-edge technology proposals from the private sector,…



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India’s ₹1 lakh crore RDI fund to write its first cheque in 2–3 months, says Principal Scientific Adviser


India’s ambitious ₹1 lakh crore Research Development and Innovation (RDI) Scheme is moving at “a very, very good pace” and could disburse its first tranche of funding within the next two to three months, according to Principal Scientific Adviser to the Government of India, Ajay Sood.

“That’s our target,” Sood told CNBC-TV18 in an exclusive interview. “There is a lot of enthusiasm that we now have to convert into action. And we can’t do it alone—from the government, yes—but we need cutting-edge technology proposals from the private sector,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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