The MoP and MNRE have jointly launched a national mission, titled Mission on Advanced and High-Impact Research, which aims to facilitate indigenous research, development and demonstration of the latest and emerging technologies in the power sector. The mission will be funded by pooling the financial resources of the MoP, MNRE and central public sector enterprises under these two ministries. Planned for an initial period of five years from 2023-24 to 2027-28, the mission will follow the technology life cycle approach of idea to product. To begin with, eight areas have been identified for research. The mission seeks to make India a manufacturing hub for the whole world.