Claimed to be a first in the country, the policy is valid for 5 years from the date of its notification or till a new policy is announced. It will aid the state to contribute 45% to India’s Engineering R&D. The state at present contributes ~40% of the Engineering R&D revenues in India.
The policy has identified five priority sectors: Aerospace & Defence; Auto, Auto Components & EV; Biotechnology (Bt), Pharma & Medical Devices; Semiconductors, Telecom, ESDM; and Software Products.
The three focus areas of the policy are: integrated value chain; focused sectoral approach; and emphasis on talent development. The state government is expected to spend about INR 1,000 crore over the next…
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