PM Modi Launches Rs 1 Trillion RDI Fund for Innovation
ECONOMY & POLICY

PM Modi Launches Rs 1 Trillion RDI Fund for Innovation

Union Minister of Science and Technology, Dr Jitendra Singh, lauded the launch of the historic Rs 1 trillion Research, Development and Innovation (RDI) Fund Scheme by Prime Minister Narendra Modi, calling it a transformative milestone in India’s scientific and technological journey.

Delivering the Valedictory Address at the first Emerging Science, Technology and Innovation Conclave (ESTIC 2025) held at Bharat Mandapam, Dr Singh expressed optimism over the conclave’s success, describing it as a “temple of innovation, where ideas met inspiration, research met relevance, and discovery met determination.”

Dr Singh emphasised that India is steadily becoming a global hub of scientific talent, technology creation and innovation-led growth, aligned with the Mission 2047 vision.

He highlighted the Prime Minister’s personal commitment to the cause of science and technology, noting that “despite his demanding schedule, PM Modi devoted a full hour to the event, underscoring the government’s highest priority for science and innovation.” The Prime Minister’s address, he added, touched upon key areas such as biofortified crops, nutritional security, personalised medicine, clean energy, and biofertilisers.

Dr Singh commended the Office of the Principal Scientific Adviser for conceptualising and coordinating the conclave, which united 13 ministries and departments to align national priorities in emerging research and innovation domains. The event also featured Nobel Laureate Sir Andre Geim and several leading scientists, thought leaders, and industry pioneers, whose deliberations across 11 thematic frontiers are expected to shape India’s scientific roadmap for the coming decade.

He particularly praised the participation of young researchers and deep-tech start-ups, stating that their creativity and commitment reflect the “spirit of New India’s innovation.” Poster and start-up sessions at the conclave, he said, served as effective networking platforms for innovators seeking collaborations and investment opportunities.

Dr Singh proposed virtual workshops for young poster presenters to help improve presentation quality and foster scientific communication skills. He also suggested that future editions of ESTIC institutionalise structured interactions between start-ups and investors, enabling direct collaboration opportunities through curated matchmaking.

“Investors who attend such events are not mere observers—they seek meaningful partnerships. Matching start-up profiles with suitable investors beforehand can significantly enhance engagement outcomes,” he said.

The Minister further recommended the adoption of a single rapporteur system in upcoming conclaves to ensure concise and effective reporting of thematic discussions, streamlining deliberations during plenary sessions.

Dr Singh stated that ESTIC 2025 embodied the ‘Whole-of-Government, Whole-of-Nation’ approach envisioned by Prime Minister Modi, bringing together ministries, academia, and industry under a unified platform. The discussions, he noted, will contribute significantly to the goals of the Anusandhan National Research Foundation (ANRF) — the institutional backbone driving convergence between research, industry, and governance.

He also commended the VAIBHAV Fellowship sessions, which highlighted the dedication of Indian-origin scientists worldwide who are contributing to India’s scientific advancement. “Their passion reflects not only professional collaboration but also emotional commitment to their motherland. We must find structured avenues to sustain and deepen these global connections,” he said.

Concluding his address, Dr Jitendra Singh remarked that ESTIC 2025 marks a new chapter in India’s scientific evolution. He emphasised that the ideas and collaborations emerging from the conclave will translate into actionable policies and programmes aligned with the Viksit Bharat 2047 vision.

“Our goal is clear — to make India a global powerhouse of science, innovation, and technology. The ideas, partnerships, and experiments fostered here will form the building blocks of a self-reliant, future-ready nation,” he said, extending appreciation to all ministries, scientific bodies, and industries for making ESTIC 2025 a resounding success.

Union Minister of Science and Technology, Dr Jitendra Singh, lauded the launch of the historic Rs 1 trillion Research, Development and Innovation (RDI) Fund Scheme by Prime Minister Narendra Modi, calling it a transformative milestone in India’s scientific and technological journey. Delivering the Valedictory Address at the first Emerging Science, Technology and Innovation Conclave (ESTIC 2025) held at Bharat Mandapam, Dr Singh expressed optimism over the conclave’s success, describing it as a “temple of innovation, where ideas met inspiration, research met relevance, and discovery met determination.” Dr Singh emphasised that India is steadily becoming a global hub of scientific talent, technology creation and innovation-led growth, aligned with the Mission 2047 vision. He highlighted the Prime Minister’s personal commitment to the cause of science and technology, noting that “despite his demanding schedule, PM Modi devoted a full hour to the event, underscoring the government’s highest priority for science and innovation.” The Prime Minister’s address, he added, touched upon key areas such as biofortified crops, nutritional security, personalised medicine, clean energy, and biofertilisers. Dr Singh commended the Office of the Principal Scientific Adviser for conceptualising and coordinating the conclave, which united 13 ministries and departments to align national priorities in emerging research and innovation domains. The event also featured Nobel Laureate Sir Andre Geim and several leading scientists, thought leaders, and industry pioneers, whose deliberations across 11 thematic frontiers are expected to shape India’s scientific roadmap for the coming decade. He particularly praised the participation of young researchers and deep-tech start-ups, stating that their creativity and commitment reflect the “spirit of New India’s innovation.” Poster and start-up sessions at the conclave, he said, served as effective networking platforms for innovators seeking collaborations and investment opportunities. Dr Singh proposed virtual workshops for young poster presenters to help improve presentation quality and foster scientific communication skills. He also suggested that future editions of ESTIC institutionalise structured interactions between start-ups and investors, enabling direct collaboration opportunities through curated matchmaking. “Investors who attend such events are not mere observers—they seek meaningful partnerships. Matching start-up profiles with suitable investors beforehand can significantly enhance engagement outcomes,” he said. The Minister further recommended the adoption of a single rapporteur system in upcoming conclaves to ensure concise and effective reporting of thematic discussions, streamlining deliberations during plenary sessions. Dr Singh stated that ESTIC 2025 embodied the ‘Whole-of-Government, Whole-of-Nation’ approach envisioned by Prime Minister Modi, bringing together ministries, academia, and industry under a unified platform. The discussions, he noted, will contribute significantly to the goals of the Anusandhan National Research Foundation (ANRF) — the institutional backbone driving convergence between research, industry, and governance. He also commended the VAIBHAV Fellowship sessions, which highlighted the dedication of Indian-origin scientists worldwide who are contributing to India’s scientific advancement. “Their passion reflects not only professional collaboration but also emotional commitment to their motherland. We must find structured avenues to sustain and deepen these global connections,” he said. Concluding his address, Dr Jitendra Singh remarked that ESTIC 2025 marks a new chapter in India’s scientific evolution. He emphasised that the ideas and collaborations emerging from the conclave will translate into actionable policies and programmes aligned with the Viksit Bharat 2047 vision. “Our goal is clear — to make India a global powerhouse of science, innovation, and technology. The ideas, partnerships, and experiments fostered here will form the building blocks of a self-reliant, future-ready nation,” he said, extending appreciation to all ministries, scientific bodies, and industries for making ESTIC 2025 a resounding success.

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement