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This announcement establishes a dedicated financing mechanism for long-term R&D in critical AI and quantum sectors within India, addressing the capital gap that often stalls high-compute projects. By offering low-interest loans and equity options alongside private matching funds, the program aims to de-risk investments in fields like artificial intelligence and quantum computing specifically.
India Research Fund Commits ₹7, 131 Crore to 19 New Managers

The ministry expects the group to raise an equal amount privately. A NITI Aayog member hopes the wider program attracts nearly ₹10 lakh crore over about a decade. Visitors enter Ministry of Science and Technology offices in New Delhi, India. (AI-generated image / EconoTimes) India has pledged ₹7,131 crore…
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