India’s ₹1 lakh crore RDI fund to write its first cheque in 2–3 months, says Principal Scientific Adviser

India’s ambitious ₹1 lakh crore Research Development and Innovation (RDI) Scheme is moving at “a very, very good pace” and could disburse its first tranche of funding within the next two to three months, according to Principal Scientific Adviser to the Government of India, Ajay Sood.

“That’s our target,” Sood told CNBC-TV18 in an exclusive interview. “There is a lot of enthusiasm that we now have to convert into action. And we can’t do it alone—from the government, yes—but we need cutting-edge technology proposals from the private sector,…