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Jitendra Singh says private sector enthusiasm surges for India RDI Fund
Science
Published on 6 May 2026
Over 200 proposals are now in evaluation, but
Minister Jitendra Singh says India’s newly launched Research, Development and Innovation Fund is drawing strong interest from private players. Backed by Prime Minister Narendra Modi, the scheme targets high-risk, high-impact breakthroughs, with companies funding 50% of projects. More than 200 proposals are currently being assessed, pointing to growing momentum toward national self-reliance and economic security.
- Private sector response to India’s RDI Fund is described as enthusiastic
- The fund targets high risk, high impact technology breakthroughs
- Private players must contribute 50% funding for supported projects
- More than 200 proposals are under evaluation
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times