Utilise Rs 20,000 crore allocated for R&D: DEA Secretary to India Inc

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Utilise Rs 20,000 crore allocated for R&D: DEA Secretary to India Inc

_{//science-technology.news-articles.net/content/2 .. llocated-for-r-d-dea-secretary-to-india-inc.html}
^{Published in Science and Technology on Monday, February 3rd 2025 at 15:02 GMT by MSN}

Economic Affairs Secretary Ajay Seth urges India Inc to leverage the Rs 20,000 crore R&D fund announced in the Budget through high-quality proposals by year-end. The Budget also proposes significant income tax cuts for the middle class to boost consumer demand,

The article from MSN discusses the urging by the Department of Economic Affairs (DEA) Secretary, Ajay Seth, to Indian companies to utilize the Rs 20,000 crore allocated for research and development (R&D) under the Production Linked Incentive (PLI) scheme. This call to action was made during a CII event, emphasizing the need for increased private sector investment in R&D to boost innovation and technological advancement in India. Seth highlighted that while the government has set aside significant funds, the private sector's engagement in R&D has been relatively low, with only a small percentage of companies actively participating in such activities. He encouraged businesses to take advantage of the incentives provided to enhance their R&D efforts, which could lead to greater competitiveness and growth in various sectors.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/money/news/utilise-rs-20-000-crore-allocated-for-r-d-dea-secretary-to-india-inc/ar-AA1yln3J ]

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