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Below the Quote on the Union Cabinet's approval of the Rs 1 lakh crore Research Development and Innovation (RDI) Scheme from Ashok Chandak, President, IESA and SEMI India

"The Cabinet’s approval of the Research Development and Innovation (RDI) Scheme is a landmark step in India’s journey toward becoming a global innovation hub"

 “By unlocking Rs 1 lakh crore of long-term capital for sunrise and strategic sectors, this initiative will catalyze private-sector-led innovation in areas critical to India’s economic and technological sovereignty — including semiconductors, deep-tech, and electronics. IESA strongly supports this vision and will actively work to mobilize its member base and ecosystem partners to align with the RDI goals. Mr. Chandak further stated that IESA has started to work with ANRF , DST and MeitY on R&D initiative and will contribute by:

 * Implementing identified high-impact R&D opportunities in semiconductors, electronics systems, and embedded technologies; 

 * Facilitating collaboration between startups, academia, and industry to accelerate technology readiness;

 * Industry Sponsorships and funding for the high impact R&D projects. 

 * And enabling the creation of robust pipelines for product commercialization and deep-tech venture growth. The RDI scheme has the potential to transform India’s innovation landscape — and IESA is committed to being a strategic enabler in this journey .” 

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