Government says RDI Fund safeguards robust, no committee member conflicted

The government in India has a special fund called the Research, Development and Innovation Fund.

This fund gives money to companies that build new technology and science.

Some people were worried that the people choosing the companies might have a conflict of interest.

The government said this is not true.

It explained that there are strict rules to stop unfair choices.

If a decision-maker owns a company, that company cannot ask for money while the person is on the committee.

A group of outside experts decides together on every proposal.

The government also said money from other investors does not affect its decisions.

It said the 22 chosen companies are building very special technologies, some for the first time in India and the world.