Capital made available for high-impact projects
Prime Minister Narendra Modi has underlined India’s significant strides in the world of science and technology and announced the launch of Rs.1 lakh crore Research, Development and Innovation Scheme.
He welcomed the scientists from India and abroad, innovators, members of the academia, and other distinguished guests at the Emerging Science, Technology and Innovation Conclave (ESTIC) 2025 in New Delhi 3 Nov.
Underlining that the 21st century is a period of unprecedented transformation, Modi remarked that the global order is witnessing a new shift, and the pace of change is not linear but exponential http://meity.gov.in.
“With this perspective, India is advancing various aspects related to emerging science, technology, and innovation, maintaining a consistent focus on them,” said PM Modi, highlighting the area of research funding.
“For the first time, capital is being made available for high-risk and high-impact projects,” PM Modi underscored https://www.bseindia.com/.
“India is working to build a modern innovation ecosystem and is focusing on improving the ease of doing research,” he said.
Emphasising that the policies and decisions taken in recent years to make India an innovation hub are now showing clear results, he shared key statistics. India’s R&D expenditure has doubled in the last decade; the number of registered patents has increased 17 times; and India has become the world’s third-largest startup ecosystem. He noted that over 6,000 deep-tech startups in India are currently working in areas such as clean energy and advanced materials https://www.nseindia.com/.
The Prime Minister added that India’s semiconductor sector is now taking flight, and highlighted the growth of India’s bio-economy, which has expanded from US$10 billion in 2014 to approximately US$140 billion today.
Underscoring that in recent years, India has made significant strides in several sunrise domains including green hydrogen, quantum computing, deep sea research, and critical minerals, PM Modi emphasized that India has established a promising presence in all these areas.
“When science is scaled, innovation becomes inclusive, and technology drives transformation, it lays the foundation for major achievements,” remarked the Prime Minister, highlighting that India’s journey over the past 10–11 years exemplifies this vision.
India is no longer merely a consumer of technology, but has become a pioneer of transformation through technology, he said https://sbi.com.in/.
Reflecting on how India has been able to successfully implement policies and programmes at such a mammoth scale, the Prime Minister attributed this achievement to India’s world-leading Digital Public Infrastructure.
PM Modi noted that while India’s space programme has reached the Moon and Mars, it has also been harnessed to benefit farmers and fishermen through space science applications. He acknowledged the contributions of all stakeholders behind these accomplishments.
ESTIC 2025 was held from 3–5 November 2025. The conclave brought together over 3,000 participants from academia, research institutions, industry and government, along with Nobel Laureates, eminent scientists, innovators and policymakers. Deliberations focused on 11 key thematic areas, including Advanced Materials & Manufacturing, Artificial Intelligence, Bio-Manufacturing, Blue Economy, Digital Communications, Electronics & Semiconductor Manufacturing, Emerging Agriculture Technologies, Energy, Environment & Climate, Health & Medical Technologies, Quantum Science & Technology, and Space Technologies. fiinews.com
