The Economic Times

RDI fund to spur 10-fold investment from private sector, says NITI's Abhay Karandikar

The Research, Development and Innovation (RDI) scheme aims to significantly increase private sector investment in India. It is designed to catalyse nearly Rs 10-lakh crore in investment over the next ten years while creating new job opportunities. The focus will be on crucial technology areas like artificial intelligence, biotechnology, and space technologies. The scheme intends to support at least ten competitively positioned homegrown companies as well.