India, July 31 -- The Government of India has issued a release:
Attention is drawn to certain media reports published today regarding the alleged conflict of interest in the disbursement of funds to companies under the Research, Development and Innovation (RDI) Scheme by the Technology Development Board (TDB).
It is clarified that the said reports are misleading, incorrect, and lack proper context.
The Ministry of Science & Technology clarifies the following facts regarding the robust evaluation mechanisms, strict conflict of interest guidelines, and merit-based selection processes followed by TDB:
This independent validation clearly demonstrates that the selected companies are truly cutting-edge Deep-Tech innovators, chosen entirely on technical merit, innovation potential, and national importance.
The Government remains committed to maintaining the highest standards of transparency, integrity, and meritocracy in supporting India's growing research and innovation ecosystem.
Disclaimer: Curated by HT Syndication.
