Prime minister Narendra Modi on Monday launched the Rs 1 lakh crore Research, Development and Innovation (RDI) scheme to boost India’s science and technology landscape for product development using local technology.

Underlining the exponential pace of global change, he emphasised India’s strategic focus on emerging domains, reinforcing the national vision with “Jai Vigyan” and “Jai Anusandhan” alongside “Jai Jawan, Jai Kisan.”

The Scheme was announced in the Budget FY26.

Modi announced the establishment of the Anusandhan National Research Foundation to elevate research in universities and unveiled the RDI Scheme to fund high-risk, high-impact projects, marking the first time capital is being channelled to private-sector innovation.

“India is working to build a modern innovation ecosys

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