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flag India launches a $12 billion R&D fund to boost private innovation in emerging technologies.

flag The Anusandhan National Research Foundation has approved the framework for a Rs 1 lakh crore RDI Fund to boost private sector innovation in emerging technologies. flag The fund, managed through a two-tier system, will channel money to independent fund managers like AIFs and NBFCs via a Special Purpose Fund within ANRF. flag Implementation guidelines, financial rules, and governance structures were finalized with government input, ensuring transparency and independence. flag The initiative, launched by the Union Cabinet in July 2024 and managed by the Department of Science and Technology, aims to strengthen India’s R&D ecosystem and drive innovation-driven growth.

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