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Modi launches Rs1,000b fund for research and development
Gulf Today
|November 04, 2025
Prime Minister Narendra Modi on Monday inaugurated the Emerging Science and Technology Innovation Conclave (ESTIC) 2025 at Bharat Mandapam.
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During the event, he also launched the Rs one lakh crore (RsI,OOO billion) Research, Development and Innovation (RDI) Scheme Fund, aimed at strengthening India’s scientific and technological capabilities.
Addressing the gathering, Modi said, “Today's programme focuses on science, but before that, I want to speak about the historic win of the Indian women's cricket team. The entire nation is proud of them for their remarkable achievement. I congratulate the team and extend my best wishes to all the players who have made India proud.”
Referring to India’s recent space success, the Prime Minister added, “Yesterday, ISRO successfully launched the Indian Navy's GSAT-7R (CMS-03) communication satellite. I congratulate ISRO and all the scientists involved in this mission. Today marks another important milestone for science and technology. There was a need to discuss emerging innovations, and this idea led to the conception of this conclave, which has now become a reality.”
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