PM Modi Unveils ₹1 Lakh Crore Research, Development, and Innovation Scheme

At the Emerging Science, Technology and Innovation Conclave (ESTIC) 2025, Prime Minister Shri Narendra Modi announced a landmark ₹1 lakh crore scheme aimed at bolstering India’s research and development landscape. This initiative seeks to create a robust innovation ecosystem driven by both public and private sectors.

Addressing a New Era in Science and Technology

During his address at Bharat Mandapam in New Delhi, PM Modi emphasized the significance of fostering an inclusive technological environment. He stated, “When science meets scale, innovation becomes inclusive; when technology drives transformation, the foundation for great achievements is laid.” He highlighted India’s transformation from a mere consumer to a global leader in technological advancement.

Celebrating Achievements in Science and Innovation

The Prime Minister noted that India had recently accomplished a significant milestone with the launch of its heaviest communication satellite, showcasing the capabilities of Indian scientists. He remarked that the nation is witnessing an unprecedented shift in the global order regarding science and technology, emphasizing the need for collaboration among global experts.

Key Components of the Research, Development, and Innovation Scheme

• Promoting a private sector-driven R&D ecosystem.
• Encouraging funding for high-risk, high-impact research projects.
• Establishing the Anusandhan National Research Foundation to enhance research capabilities in universities.

The scheme aims to alleviate barriers to research, facilitating swift transitions from laboratory prototypes to market-ready products. The Prime Minister also asserted that with over 6,000 deep-tech startups focused on clean energy and advanced materials, India is well on its way to becoming a global innovation hub.

Highlighting Women in Science and Technology

PM Modi underscored the importance of inclusivity in innovation, particularly emphasizing the growing role of women in the field. He pointed out that women’s participation in patent filings has skyrocketed, with women now accounting for approximately 43% of STEM education enrollments in India.

Future Visions: A Call for Innovation

The Prime Minister called for intensified efforts in vital sectors such as clean energy, agriculture, and health. He posed several questions aimed at driving future innovations, including the potential for next-generation biofortified crops and advancements in soil health enhancers. He urged the scientific community to explore these avenues while ensuring self-reliance in critical areas.

Ethical and Human-Centric AI Development

Shri Modi articulated that India is shaping a global framework around ethical and human-centric artificial intelligence. The upcoming AI Governance Framework aims to balance innovation with safety, and he revealed plans for a Global AI Summit to be held in February 2026.

Conclusion

As ESTIC 2025 progresses, it aims to gather over 3,000 participants from various sectors to collaborate on 11 key thematic areas including advanced materials, AI, and space technologies. The Prime Minister expressed confidence that the collective efforts at the conclave will elevate India’s innovation journey and prepare the country for future challenges.

PM Modi concluded his address with the spirit of “Jai Vigyan, Jai Anusandhan,” wishing success to all participants engaged in the realm of science and technology.