Sunshine To Startups: Money For Ideas
Mint Mumbai|February 02, 2024
The ₹1 tn innovation fund is expected to help India transition from a services economy to a research and manufacturing hub
Nehal Chaliawala & Shouvik Das
Sunshine To Startups: Money For Ideas

The ₹1 trillion innovation fund announced by finance minister Nirmala Sitharaman in the interim budget on Thursday is expected to give a big boost to local technology development and manufacturing, and help India move beyond providing high-tech services towards development of products, experts said.

In her interim budget speech on Thursday, Sitharaman said the fund would provide 50-year loans with low or nil interest rates to private-sector companies to scale up research and innovation in sunrise sectors. "For our tech-savvy youth, this will be a golden era," she said. "We need to have programmes that combine the powers of our youth and technology."

この記事は Mint Mumbai の February 02, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Mint Mumbai の February 02, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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