PM Modi to launch Rs 1 lakh crore fund to boost private sector R&D in AI, deeptech

Prime Minister Narendra Modi is set to unveil a Rs 1 lakh crore Research, Development, and Innovation (RDI) scheme during the Emerging Science & Technology Innovation Conclave (ESTIC) 2025 in New Delhi on November 3.

According to a press release from the prime minister’s office, the fund is designed to build a strong, private sector driven research and development (R&D) ecosystem across India.

ESTIC 2025

The conclave will run from November 3–5, 2025, bringing together over 3,000 participants from academia, research institutions, industry, and the…