Rs 1 lakh crore fund to boost private sector R&D: Jitendra Singh
Singh made these remarks while addressing the ASSOCHAM Conference on 'Sovereign Tech for India's Digital Transformation" here.
He said the government has launched the ambitious Research, Development, and Innovation (RDI) Scheme to transform private sector R&D, particularly in sunrise and strategic sectors.
Singh said the scheme will provide long-term, low-interest loans and risk capital to support deep-tech, critical technologies, and transformative projects.
A dedicated 'Deep-Tech Fund of Funds' will also be established to scale up private investment in innovation.
'We appeal to the industry to come forward and harness the full spectrum of opportunities opened up by the Government. India's technological footprint is expanding, and the world is watching," Singh said. PTI SKU SKU SKY SKY
view comments
First Published:
August 01, 2025, 21:00 IST
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
2 minutes ago
- India.com
Massive setback for US President Trump as India-Russia come together on critical..., Trump would be angry because...
Russian President Putin and PM Modi- File image India-Russia relations: In a massive update on India-Russia relations and a matter of bad news for US President Donald Trump, an official statement released by both the countries has declared that India and Russia are exploring opportunities in rare earth and critical minerals extraction, underground coal gasification, and creation of modern industrial infrastructure. Notably, the issue of critical minerals has been in news recently due to China's 'undeclared' restriction on its exports. What has been discussed under India-Russia Working Group? The issue came up for discussions during the India-Russia Working Group on Modernization and Industrial Cooperation meeting, which was held here under the framework of the India-Russia Intergovernmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation. Why Critical minerals are important for global development? Critical minerals such as copper, lithium, nickel, cobalt and rare earth are essential raw materials required to fuel the growth of rapidly-growing clean energy technologies and their expanding uses ranging from wind turbines and electricity networks to electric vehicles and battery manufacturing. As per a report by news agency PTI, the commerce and industry ministry said the key focus areas included cooperation in aerospace science and technology, including the establishment of a modernized wind tunnel facility, production of small aircraft piston engines, and joint development in carbon fibre technology, additive manufacturing, and 3D printing. 'Both sides also explored opportunities in rare earth and critical minerals extraction, underground coal gasification, and creation of modern industrial infrastructure,' it said. US President Trump threatens 100 pc tariffs on semiconductors, chips In another significant development, US President Donald Trump announced plans to impose a 100 per cent tariff on all imported semiconductors and chips in order to strengthen domestic production. 'A 100 per cent tariff (will be imposed) on all chips and semiconductors coming into the US. But if you've made a commitment to build (in the US), or if you're in the process of building (in the US), as many are, there is no tariff,' the President said during a meeting in the Oval Office with Apple CEO Tim Cook. (With inputs from agencies)
Economic Times
2 minutes ago
- Economic Times
MapmyIndia to invest Rs 25 crore in Zepto
Homegrown digital mapping services company MapmyIndia will invest Rs 25 crore in quick commerce startup Zepto for a 0.049% stake, according to regulatory filings made with the said in the filing that its board has approved the proposal to invest in Zepto. Last month, Mumbai-based non-banking finance company Elcid Investments had picked a small stake in Zepto for Rs 7.5 crore. Investments by both MapmyIndia and Elcid Investments value Zepto at Rs 51,000 crore (around $5.9 billion) These share purchases are being done via secondary transactions. Zepto has been in the process of closing a $250-million secondary deal, in which shares are being sold by private equity firm Motilal Oswal Financial Services. This secondary sale is designed to further increase Indian ownership and clean up the company's cap table ahead of its proposed public listing. Zepto's founders Aadit Palicha, Kaivalya Vohra and the company's employee stock ownership (Esop) pool together currently hold around 28% share, according to people in the know. The company aims to add another 8-10% of Indian shareholding through these transactions before the IPO paperwork is filed. Palicha and Vohra are also looking to close a structured debt transaction through which they are to pick up Rs 1,500 crore worth of stake in the company financed via debt from Edelweiss Alternative Asset, domestic family offices and smaller credit funds.
Economic Times
2 minutes ago
- Economic Times
Rahul Gandhi's claims on poll rigging baseless: Eknath Shinde
PTI Maharashtra Deputy Chief Minister Eknath Shinde Maharashtra Deputy Chief Minister Eknath Shinde on Thursday dubbed as "baseless" the claims of "huge criminal electoral fraud" made by Rahul Gandhi, saying the Congress has the habit of levelling allegations after losing elections. In an exclusive video interview with PTI, Shinde said the MahaYuti of BJP-Shiv Sena-NCP registered a landslide victory in the Maharashtra Assembly elections purely on basis of public welfare schemes such as 'Ladki Bahin' and pro-farmers initiatives. "In the Lok Sabha elections, the opposition Maha Vikas Aghadi won 30 seats in Maharashtra, while we got 17 seats. Does this mean they (MVA) had stolen the mandate? When you won elections in Telangana and Karnataka did you indulge in EVM rigging or stealing of votes," Shinde shot back when asked about the allegations levelled by Gandhi. He asserted that the MahaYuti government was committed to public welfare and the people approved of various initiatives taken by the government, which was also reflected in the landslide victory of the ruling alliance. "When you win elections, the Election Commission is good. When you win elections, EVMs are good. But, when you lose, then you raise allegations and blame everyone. This is a policy where a bad workman always blames the tool. This is why the people have shown the Opposition its place," Shinde said. The Shiv Sena leader said the allegations levelled by Gandhi are "baseless" and made with the intention of "tarnishing" the image of the Election Commission and the government. Shinde also hit out at bete-noire Uddhav Thackeray for attending a meeting at the residence of Gandhi, the Leader of the Opposition in the Lok Sabha."It is surprising that he (Thackeray) is visiting the residence of the leader of the party that rewarded the person who snatched the voting right of Shiv Sena founder Balasaheb Thackeray," Shinde said the Congress had rewarded the then chief election commissioner who disenfranchised Balasaheb Thackeray with a ministerial berth."You are meeting people who insulted Balasaheb, you are meeting those people who have insulted questioned Operation Sindoor and the valour of armed forces," Shinde said. On the Congress-led Opposition questioning the revision of electoral rolls in Bihar, Shinde said the opposition parties have realised that they were heading towards a defeat and hence preparing a ground for it in advance."When they see defeat, they start preparing ground for it in advance. They have begun to realise that they are losing the Bihar elections, so they have started attacking the SIR exercise," he said."These attempts to create a perception do not succeed always. People are intelligent," Shinde said. He also hit back at Thackeray for calling him 'gaddar' (traitor). The deputy chief minister said it was Thackeray who had betrayed the peoples' mandate in the 2019 Maharashtra elections and joined hands with the Congress and NCP."The word used by Uddhav Thackeray is an apt description of himself. In 2019, Maharashtra had given a mandate to the Shiv Sena-BJP to form the government. Whom did they align with? The Congress, just for self-interest to become chief minister, to grab the CM's chair. The word he (Thackeray) uses for me -- betrayer, traitor - applies to him to the point," Shinde said the people of Maharashtra taught the real betrayers a lesson in the 2024 assembly elections."They did not even win a mandate to be recognised as the Leader of the Opposition. The people of Maharashtra have put a rubber stamp on the real betrayers of the state through the election results," Shinde said. He also lashed out at Thackeray for criticizing him for meeting Prime Minister Narendra Modi and Home Minister Amit Shah. "When I meet Modi ji and Amit bhai, they make a lot of noise and claim that I have gone to meet my masters. We are proud to meet the people who have contributed to the development of Maharashtra. These are the people who brought Balasaheb's dreams to reality by removing Article 370 from Jammu and Kashmir and building the Ram Temple in Ayodhya," Shinde said.
