Govt eyes November debut of ₹1 lakh crore RDI Fund to push innovation

The government is finalising the modalities of the ₹1 lakh crore Research Development and Innovation (RDI) Fund announced in the budget this year and cleared by the Cabinet in July, said Abhay Karandikar, secretary of the Department of Science and Technology. The fund is expected to be launched by November.

This is the first time when public funds will be used by the government in the private research and development sector, Karandikar told ET in an interview.