Nation

New Delhi: Prime Minister Narendra Modi on Monday launched a Rs 1 lakh crore fund to spur private sector investment in research and development and announced that his government was now supporting high-risk and high-impact projects, as India aims to emerge as a science and technology powerhouse.

Inaugurating the first-ever Emerging Science, Technology and Innovation Conclave (ESTIC), the annual flagship event involving policy-makers, innovators and global visionaries, Modi said his government has introduced significant reforms for a modern ecosystem of innovation to flourish in the country.

The PM said the world was witnessing a new shift in the global order and the pace of change was exponential.

“In this time of the 21st century, there is a great need for experts from all over

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