It will support nearly 300 start-ups, MSMEs and individual innovators
Defence Minister Rajnath Singh has approved the budgetary support of ₹498.8 crore to Innovations for Defence Excellence (iDEX) challenge under the Defence Innovation Organisation (DIO) for the next five years. The iDEX framework and establishment of the DIO by the Department of Defence Production (DDP) is aimed at promoting innovation and indigenisation in the aerospace and defence sector at the start-up level.