India, Nov. 3 -- Indian PM Narendra Modi addressed the Emerging Science, Technology and Innovation Conclave (ESTIC) 2025 at Bharat Mandapam in New Delhi when he launched the Research, Development and Innovation Scheme, with an allocation of Rs.1 lakh crore.

He emphasised that efforts are being made to promote research and development in the private sector as well.

"For the first time, capital is being made available for high-risk and high-impact projects," said Modi.

Additionally, reforms have been made in regulations, incentives, and supply chains to ensure that prototypes can swiftly move from lab to market.

Emphasising that the policies and decisions taken in recent years to make India an innovation hub are now showing clear result...