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The Union Budget's science and technology allocations were disappointing, lacking significant policy shifts despite rapid technological advancements. Announcements included incremental projects like new telescopes and biopharma initiatives, but lacked innovation. Funding for public research decreased, while private sector research saw increased allocations.
India's Economic Survey highlights the critical need for a stable semiconductor supply to avoid remaining a service provider. It stresses innovation, skilled workforce development, and strategic initiatives like the India Semiconductor Mission for technological sovereignty and economic growth, potentially achieving defensive sovereignty or offensive leverage.
Scientific project sanctions in Punjab under Centrally sponsored schemes have significantly decreased over three years. Budgetary and administrative issues with the Anusandhan National Research Foundation are cited as concerns. The government supports research via various programs, including FIST, PURSE, and NIDHI, across several Punjab institutions.
India launched a Rs 1 trillion RDI scheme to boost private sector innovation. The government aims to increase R&D investment from 0.65% to over 1%. The scheme will use a Special Purpose Fund within ANRF to provide long-term, low-interest loans or equity to private sector projects, potentially covering up to 50% of project costs.
Indigenous innovation in SatCom, supported by ISRO's expertise and startup partnerships, is positioning India as a global leader in satellite communication and digital connectivity, Rajkumar Upadhyay, CEO of the Centre for Development of Telematics (C-DOT), told ANI on Wednesday.
