Overview

• At the inauguration, Union Minister Jitendra Singh called for an end to siloed working by uniting government, industry and academia at the new IIM Mumbai hub.
• He noted that startup numbers soared from just 350 in 2014 to over 150,000 in 2025, making India the third-largest ecosystem globally.
• The government has approved 100% foreign direct investment in the space sector and established a ₹1,000 crore venture fund for space‐technology startups.
• India’s gross expenditure on research and development has more than doubled since 2013-14, reaching over ₹1.27 lakh crore under current leadership.
• Singh pointed to biotechnology, artificial intelligence and quantum computing—backed by policies like BioE3—as key drivers of the country’s next phase of growth.