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yesterday

Modi Launches ₹1 Lakh-Crore RDI Fund at ESTIC 2025 to Power Private-Sector R&D

Capital flows through an ANRF special fund to independent managers using long‑tenor loans or equity, starting with ₹20,000 crore in FY2025–26.

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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

  • ESTIC 2025 opened in New Delhi for November 3–5 with over 3,000 participants, including Nobel laureates, scientists, industry leaders and policymakers.
  • The ₹1 lakh-crore corpus will be deployed over six years to catalyse high‑risk, high‑impact research led by industry.
  • The Department of Science and Technology is the nodal ministry, with a Special Purpose Fund housed in the Anusandhan National Research Foundation as custodian.
  • Support will be channelled via second‑level fund managers—AIFs, DFIs and NBFCs—making decisions through independent investment committees at arm’s length from government.
  • Financing will take the form of long‑tenor low or zero‑interest loans, equity and deep‑tech fund‑of‑funds contributions, with no grants or short‑term loans, targeting 11 priority areas from AI and semiconductors to quantum, space, energy and health.