New Delhi, Oct. 21 -- The government's Research, Development and Innovation (RDI) scheme is expected to catalyse nearly Rs 10 lakh crore in private sector investment over the next decade and create new jobs, NITI Aayog Member Abhay Karandikar said.

The Rs 1 lakh crore scheme is also expected to help develop at least 10 globally competitive Indian companies, Karandikar said.

RDI Scheme To Boost Private Investment

Launched last year, the scheme supports deep-tech innovation through the Department of Science and Technology under the Anusandhan National Research Foundation. The government allocated Rs 20,000 crore for the programme in FY26.

Its focus areas include artificial intelligence, biotechnology, quantum computing, energy security,...