Rs 1 lakh Crore Fund To Mitigate R&D Risks, Spur Private Investment In Cutting-Edge Technologies: Secretary DST

Speaking at a workshop organised by the Department of Science and Technology (DST) and the industry chamber FICCI, Secretary of the DST, Abhay Karandikar, has asserted that, largely, the private sector has "shied away from investing" in cutting-edge technology development, which at times requires longer gestation periods.