Centre approved 22 research and innovation projects worth ₹4,744… — Indian Development News 🇮🇳

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Indian Development News 🇮🇳India plans to raise R&D spending to 2% of GDP and has launched a ₹1 lakh crore Research, Development & Innovation Fund (RDIF), which will underwrite up to half of private sector project costs to boost innovation in critical technologies like quantum computing…

Centre approved 22 research and innovation projects worth ₹4,744 crore with ₹2,192 crore funding from the RDIF to boost innovation in areas like energy, AI, quantum, space, biotech, and pharmaceuticals.

TDB and BIRAC were named fund managers and BIRAC has 8 more projects worth ₹390.35 crore under review, as part of the ₹1 lakh crore RDIF launched in 2025 to support indigenous tech and self-reliance.

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