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2h ago

Modi Inaugurates ESTIC 2025, Launches ₹1 Lakh Crore RDI Fund to Boost Private R&D

A six-year corpus routed through ANRF to market fund managers will back high-risk private R&D.

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Countries around the world have found ways to give domestic technologies preferential access to their markets, allowing their companies to hone their products to perfection before taking on the world (Getty Images/iStockphoto)
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Overview

  • The Department of Science and Technology is the nodal ministry, with a Special Purpose Fund inside the Anusandhan National Research Foundation serving as custodian of the corpus.
  • Capital will flow to second-level fund managers such as AIFs, DFIs and NBFCs rather than directly to companies, with investment decisions taken at arm’s length from government.
  • The scheme emphasizes long-term low or zero-interest loans, equity investments and contributions to deep-tech funds while excluding grants and short-term loans.
  • The outlay totals ₹1 lakh crore over six years with ₹20,000 crore earmarked for FY2025–26 from the Consolidated Fund of India.
  • ESTIC 2025 runs November 3–5 in New Delhi with more than 3,000 participants and sessions across 11 thematic areas including AI, semiconductors, energy, health and space.