India, Nov. 3 -- At the inaugural session of the Emerging Science, Technology, and Innovation Conclave (ESTIC) 2025, held at Bharat Mandapam, New Delhi, Prime Minister Narendra Modi announced the launch of the Rs 1 lakh crore Research, Development, and Innovation (RDI) Scheme. The initiative aims to transform India's innovation landscape and strengthen its leadership in strategic technologies.

Speaking at the event, the Prime Minister said, "For the first time, capital is being made available for high-risk and high-impact projects." He emphasised that the government is working to build a modern innovation ecosystem that improves the ease of doing research, with reforms introduced in procurement policies, regulations, and financial rules....