Report
India’s RDI fund could catalyze tenfold private-industry investment
Karandikar told The Economic Times he hopes the ₹1-lakh-crore scheme will also create new jobs when fully deployed.
TLDR
NITI Aayog member Abhay Karandikar told The Economic Times he hopes India’s ₹1-lakh-crore Research, Development and Innovation scheme will catalyze tenfold private-industry investment and create new jobs when fully deployed. The paper describes long-term, zero-interest loans and equity funding covering up to half of project costs. The investment and jobs are Karandikar’s hopes, not reported outcomes.
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