Surat Investment：Scientific network
India’s latest annual budget is released, this is the first budget since Narrenera Modi’s third re -election.According to "Nature", the budget vigorously promoted the development of renewable energy and nuclear energy, and provided additional funds to support the country’s vigorous aerospace industry.Surat Investment
The Indian government hopes to expand the country’s space economy 5 times in the next 10 years.Image source: Indranil Mukherjee/AFP VIA Getty
Indian Finance Minister Neilmara Sitraman recently submitted a 2024-25 budget in the Indian Parliament.She said that nuclear energy will "become a very important part of the energy structure of India’s development."Nagpur Stock
The Indian government announced plans to cooperate with the private sector to establish small nuclear reactors and development nuclear technologies to seek energy security.These reactor parts can be assembled and transported to the installation location in the factory.However, the exact capital of nuclear energy plans is not clear.
The Indian space sector will receive 10 billion rupees (about $ 120 million) for the establishment of a venture capital fund to support projects that will expand the country’s space economy 5 times in the next 10 years.Overall, the department will receive $ 156 million, an increase of 4%over 2023-24.
Sitraman also announced that the Annandan National Research Foundation (ANRF) will begin operation.The foundation first debuted in 2019, aiming to increase funding for university research and expand the scope of research.ANRF hopes to attract funds from the private sector and allocate a large amount of money from about $ 11 billion in huge funds pools.
Comprehensive allocation of key scientific research departments in India, such as agriculture, atomic energy, earth sciences, hygiene, new energy and renewable energy, and space, it is $ 7.1 billion, an increase of 20%over the budget of 2023-24.But most of the increased funds will flow to new energy and renewable energy departments.Compared with 2023-24, the appropriation of the ministry 2024-25 has almost doubled to $ 2.28 billion.
The person in charge of the main scientific department of the Ministry of Science and Technology of India welcomes ANRF, as well as new venture capital funds established for space and climate adaptive agricultural research.
Rajesh Gehar, director of the Department of Biotechnology of the Ministry of Science and Technology of India, said: "India’s research and development work is mainly academic, and innovation at the laboratory level is often unable to commercialize. AnRF is based on research and prototype development.Research and innovation of private sector -driven research and innovation
As many researchers expect, the scientific budget of the Indian government promises to fund the application science field.Some researchers disagree, thinking that there are only some nominal growth.
Saubas Lahotia, a geneticist at the University of Begamus Hindu, said: "The important thing is not the funds promised in the budget, but the actual number of this year, which is usually less than the promise.The increase in salary and more and more researchers with limited competition are calculated according to the real value, and the actual availability of a single researcher is relatively reducedKanpur Stock. "Lucknow Wealth Management
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