<ul data-eligibleForWebStory="false"><li>The Indian government has launched a Rs 1 lakh crore Research Development and Innovation Scheme to encourage private sector investment in high-risk sectors.</li><li>The scheme aims to provide funding for research and development in various sectors, including energy transition, robotics, biotechnology, AI applications, and more.</li><li>Funding under the scheme will be provided through concessional loans, equity, or a combination, with companies expected to contribute half of the project cost.</li><li>The operational framework for the fund is being finalized and is expected to roll out within months, with a focus on reducing India's dependence on rare earth imports.</li></ul>

India's Rs 1 Lakh-Crore Bet On Private Sector R&D — DST Secretary Shares Ambitious Roadmap

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