News > CSR funds spend on R&D must grow, says India’s Union Finance Minister
CSR funds spend on R&D must grow, says India’s Union Finance Minister
19/12/2022 07:07 PM | Click to read full article
Union Finance Minister Nirmala Sitharaman on Sunday stressed the need for continued use of Corporate Social Responsibility (CSR) funds in Research and Development (R&D) to foster innovation and facilitate industry-academia collaboration. The Department of Science and Technology (DST) alone, only through IITs, has provided funding of Rs 27,000 crore for R&D.