As a part of countrywide outreach through a series of meets in different cities regarding ₹1 lakh crore Research, Development and Innovation (RDI) Fund, Union Minister Dr. Jitendra Singh today held an over two-hour interaction with the Mumbai Industry

Key Points

1. Union Minister Dr. Jitendra Singh held an interaction regarding the ₹1 lakh crore Research, Development and Innovation (RDI) Fund in Mumbai on November 25, 2025.
2. PM Narendra Modi announced the RDI Fund on November 3, 2025, aiming to catalyze private-sector driven R&D, IP creation, and commercialization.
3. The RDI Fund will support private-sector R&D in sectors like AI, semiconductors, clean energy, biotechnology, and space through long-term, low-interest loans and equity-based risk capital.
4. The first tranche of the RDI Fund is allocated to Technology Development Board (TDB) and BIRAC as second-level fund managers.
5. Budget 2025–26 allocated ₹20,000 crore for the Fund’s initial implementation.
6. India ranks 3rd in scientific research output, 6th in patent grants, and 39th in the Global Innovation Index.