PM to launch Rs 1 lakh crore Research, Development and Innovation Scheme

New Delhi, Nov 2: Prime Minister Narendra Modi will inaugurate the Emerging Science & Technology Innovation Conclave (ESTIC) 2025 at Bharat Mandapam, New Delhi, at around 9:30 am on November 3.

The Prime Minister will also address the gathering, marking a major step in India’s push to strengthen its innovation and research ecosystem.

At the event, PM Modi will launch the Rs 1 lakh crore Research Development and Innovation (RDI) Scheme Fund, a landmark initiative aimed at building a robust, private sector–driven R&D ecosystem in the country. The fund seeks to encourage greater industry participation in frontier research, promote public–private partnerships, and accelerate technology development in critical sectors. The three-day conclave, scheduled from November 3 to 5, will bring together more than 3,000 participants from academia, research institutions, industry, and government, along with Nobel Laureates, eminent scientists, innovators, and policymakers.

Discussions at ESTIC 2025 will focus on 11 thematic areas, including Advanced Materials and Manufacturing, Artificial Intelligence, Quantum Science and Technology, Space Technologies, Bio-Manufacturing, Blue Economy, Emerging Agriculture Technologies, Electronics and Semiconductor Manufacturing, Energy, Environment and Climate, Digital Communications, and Health and Medical Technologies. Officials said the conclave will feature keynote lectures, panel discussions, presentations, and technology showcases, providing a dynamic platform for collaboration among researchers, entrepreneurs, and young innovators. The initiative is expected to further strengthen India’s science and technology base and advance the government’s vision of transforming India into a global innovation hub under the Viksit Bharat 2047 roadmap.