TDB backs 22 projects under Rs 1 lakh Cr RDI Fund, says industrialist Sudhir Mehta
Pinnacle Industries founder and chairman Sudhir Mehta took to X on Tuesday and said that after months of reviewing proposals from Indian founders, he is “more optimistic about India's future than at any point.”
Via YourStory
As a member of the Technology Development Board's (TDB's) Investment Committee under the Rs 1 lakh crore Research, Development and Innovation (RDI) Fund, Mehta said the first cohort comprises 22 projects involving Rs 4,744 crore in R&D and Rs 2,192 crore in funding from the RDI Fund.
The RDI Scheme, approved by the Union Cabinet in July 2025 and launched in November, aims to increase private-sector participation in research and development and support the development and commercialisation of indigenous technologies…
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