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Ministry of Defence allocates Rs 500 cr for designing innovative products

The iDEX initiative was launched by Prime Minister Narendra Modi in April 2018, with the aim of fostering innovation and technology development in defence and aerospace

Topics
Ministry of Defence | Defence indigenisation plan | Defence Projects

Ajai Shukla  |  New Delhi 



Indian army, defence production, indigenisation, trucks, vehicle factory jabalpur
The allocation of Rs 498.8 crore is aimed at providing financial support under the Defence Innovation Organisation (DIO) framework to nearly 300 start-ups/MSMEs/individual innovators and 20 partner incubators

The (MoD) announced on Sunday an allocation of Rs 498.8 crore, over the next five years, for its indigenisation scheme: “Innovations for Defence Excellence” (iDEX).

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First Published: Sun, June 13 2021. 23:10 IST

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