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Opinion News

The Economic Times

Opinion / The Economic Times

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To win the deep-tech race, India needs General Innovation Rules

India is launching ambitious science initiatives. However, current financial rules designed for conventional procurement hinder R&D. A new 'General Innovation Rules' regime is proposed. This will adopt a portfolio approach for high-risk research. It will redefine public benefit to include private actors. Milestone-based disbursements and multi-year commitments will be key. This aims to boost India's deep-tech R&D race.

10 Jun 2026 2:37 pm