Budget reflects emphasis on innovation, StartUps to achieve ‘Viksit Bharat’: Dr Jitendra

STATE TIMES NEWS

NEW DELHI: Union Minister Dr Jitendra Singh on Thursday said the Interim Budget 2024-25 reflects the emphasis on Innovation and StartUps to achieve the goal of “Viksit Bharat @2047”.
The Minister referred to the Interim Budget proposing a corpus of Rs One Lakh Crore to boost innovation and private investment in sunrise technologies.
As the Union Finance Minister said, “This will mark a golden era for our tech savvy youth,” he said, adding, “it will encourage programmes that combine the powers of our youth and technology.”
The Union Minister was speaking with the media soon after the presentation of the Interim Budget in the Parliament.
“A corpus of Rs 1 lakh crore announced in the Interim Union Budget to promote Innovation and StartUps coupled with a new scheme for Deep Tech StartUps in Defence and an exclusive Biomanufacturing scheme to supplement Bio-StartUps and bio-economy ….all point to Prime Minister Shri Narendra Modi’s clarity and conviction to optimally utilise Science & Technology for achieving the goal of Viksit Bharat by 2047,” he said.
Dr Jitendra said, Atmanirbharta in Science & Technology will also get a fillip with the proposed new scheme to be launched for strengthening Deep-Tech technologies for Defence Sector.
Lauding the acclaimed success of the Department of Biotechnology, Ministry of S&T, in developing a series of vaccines, Dr Singh said, the Interim Budget proposes the vaccination against cervical cancer of girls in the age group of 9-14 years for the prevention of the disease.
Dr Jitendra had announced India’s first indigenously developed vaccine, “CERVAVAC” for the prevention of cervical cancer, developed by DBT and the Serum Institute of India, Pune, in September, 2022.
Dr Singh said the Interim Budget also proposes a new scheme of bio-manufacturing and bio-foundry which will provide environment friendly alternatives such as biodegradable polymers, bio-plastics, bio-pharmaceuticals and bio-agri-inputs.
“DBT will again play a key role in this scheme that promotes green growth and will help transform today’s consumptive manufacturing paradigm to the one based on regenerative principles,” he said.
“In the years to come, “Blue Economy” will be a major contributor to India’s overall economy and the Deep Ocean Mission announced by Prime Minister Modi will be the core component of it,” he said.
Dr Jitendra said, the Interim Budget promotes indigenous Solar Energy manufacturers in a big way by laying out a Sustainable and Eco-Friendly approach to Power Subsidy by linking it to Roof Top Solar Development that sells back power to the Distribution Grids.
“As India moves towards its goal of Net Zero by the year 2070, as committed by PM Modi, the budget speech also stresses on expansion of the EV ecosystem,” he said.
All these initiatives, said Dr Jitendra, will give a further boost when the full-fledged budget will be presented in July.