GOVT PLANS TO SET UP Rs 5000 CR PPP FUND FOR R&D

The government plans to set up a public-private partnership fund of Rs 5000 crore for supporting joint research and development (R&D). The proposed fund is expected to be available for R&D efforts at public educational institutions like the IITs, as well as private industries. The government also plans to bring out a white paper for increasing private sector engagement in R&D.