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1-lakh crore R&D fund to boost private sector participation in India's economy: Union Minister Jitendra Singh

The governments new 1 lakh crore R&D fund will help draw private players into key sectorsincluding nuclear and spaceboosting Indias long-term economic growth, Minister Jitendra Singh said. He credited Prime Minister Modi for opening previously restricted areas and said the fund will provide early support to private firms until they become self-sustaining contributors to Indias innovation ecosystem.