India, Nov. 3 -- Prime Minister Narendra Modi on Monday launched the Rs.1 lakh crore Research, Development and Innovation (RDI) Fund to encourage private sector investment in research and development. The announcement was made at the inaugural Emerging Science Technology and Innovation Conclave (ESTIC), a platform that brings together policymakers, innovators, and global experts to advance the government's vision of Viksit Bharat 2047.

During the event, Modi also unveiled a coffee table book showcasing India's scientific achievements and a vision document outlining the country's roadmap for science and technology.

The Department of Science and Technology (DST) will serve as the nodal ministry for the RDI Fund, which will operate through...