Union Minister Dr Jitendra Singh calls for increased private sector participation in R&D, citing government initiatives like space and nuclear energy privatization.
NITI Aayog releases two reports on easing R&D processes, highlighting systemic inefficiencies and administrative bottlenecks affecting research outcomes.
Government has created dedicated mechanisms including RDI fund to incentivize private investment and improve research funding access.
Minister notes limited utilization of CSR spending for R&D purposes and calls for stronger culture of research philanthropy.