Mint Primer | How a $12 bn R&D scheme could change the way India makes technology
How will the government’s scheme work? With a net outlay of $12 billion ( ₹1 trillion) spread over multiple years, the scheme to finance the R&D budgets of companies will operate under the Anusandhan National Research Foundation (ANRF) of the Department of Science and Technology. Through a ‘special purpose fund’ within ANRF, the Centre will