Rs 100 Crore Allocated for Technology Development Fund
An initial sum of Rs 1,00 crore has been allocated to set up a
technology development fund to provide necessary resources to public and
private sector companies, including SMEs, as well as academic and scientific
institutions to support research and development of Defence systems that
enhance cutting-edge technology capability in the country. Making this
announcement while presenting the General Budget in Lok Sabha today, the Union
Finance Minister said that in the year 2011, a separate fund was announced for
this purpose but beyond the announcement, no action was taken.
No comments:
Post a Comment