panaji the state cabinet on wednesday approved a bill to establish a goa state research foundation the bill which will be introduced in the current monsoon session will have a financial implication of over rs 25 crorethe aim of the foundation is to promote a culture of research and innovation in goa the foundation shall function to inculcate facilitate and promote research culture in goa and establish stateoftheart research infrastructure a cabinet note said this will help produce worldclass researchers to achieve sustainable economic growth enhance national security promote wellbeing and societal progress and elevate goas position as a global leader in frontier areas of science technology humanities social scienceswhile the financial implication will be around rs 25 crore a year the exact amount of funding to the foundation shall be decided in consultation with the department of finance from time to time on a yearly basis the cabinet note saidin 2020 the union education ministry notified the national education policy nep 2020 which focuses on research innovation and industry linkage along with other aspectsthe national education policy states that research not only provides solutions to societal problems but also contributes to the spiritual intellectual and creative upliftment of the country and is therefore extremely important for the progress and enlightenment of any state or nationnow therefore as part of implementation of national education policy 2020 and to bring goa at the forefront of research and innovation the government of goa intends to establish the goa state research foundation the cabinet note said