Modelled on Hyderabad as a hub for over 40 research institutes
Finance Minister Nirmala Sitharaman has said that the Government proposes to create a formal umbrella like structure for research institutions across 9 cities in the country.
To promote innovation and research and development in the country, she said that a ‘Glue Grant’ will be set aside for this purpose which will create an umbrella like structure for R&D.
She said, “Many of our cities have various research institutions, universities, and colleges supported by the Government of India. Hyderabad for example, has about 40 such major institutions. In 9 such cities, we will create formal umbrella structures so that these institutions can have better synergy, while also retaining their internal autonomy.”