Govt’s Science Push Aimed At Realising Viksit Bharat

Besides bolstering India’s scientific prowess, the initiatives also contribute to a sustainable, self-reliant economy, says Dr. Jitendra Singh, Union Minister

New Delhi: The major initiatives undertaken in the science and technology sectors by the Prime Minister Narendra Modi-led government is aimed at realising "Viksit Bharat", said Union Minister Dr. Jitendra Singh on Sunday.

Speaking to the media, Singh laid out the government’s bold and strategic "science push" which includes the launching of a Rs 1,000 crore venture capital fund to support space startups to introduce the Bio E3 policy aimed at creating a bioeconomy.

“The Modi government’s major initiatives in the first 100 days of its third term signify its commitment to advancing India’s role on the global innovation stage,” the Minister said.

Besides bolstering India’s scientific prowess, the initiatives also contribute to a sustainable, self-reliant economy that can withstand global shifts in industry and resources, Singh said. He said the initiatives will also ensure India’s leadership in critical domains like space exploration, biotechnology, and meteorology.

He explained that the venture capital fund exclusive for the space sector is part of a broader plan to leverage India’s growing base of nearly 300 space startups. This decision to open the sector to private players has brought in “a remarkable shift in its space ecosystem”, Singh said. From just one startup, the policy helped develop “an ecosystem with hundreds of space tech companies today”, he noted.