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."
Bu hikaye Mint Mumbai dergisinin February 02, 2024 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin February 02, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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