Rajnath Singh (DEFENCE Minister) launched Defence India Startup Challenge (DISC) 5.0 beneath (iDEX-DIO) – Innovations for Defence Excellence Defence Innovation Organisation initiative, on 19th August 2021, in New Delhi.
Highlights:
The Defence Ministry has earmarked Rs 1,000 crore for Home procurement via the iDEX initiative for the monetary year 2021-2022. The Defence Production Department, Ministry of Defence has accepted budgetary support of Rs. 498.80 crore for iDEX for the subsequent five years from 2021-22 till 2025-26.
Defence India Startup Challenge is a platform wherein the Government, Services, think tanks, , startups and innovators can work collectively to help the defence & aerospace sectors attain full workability with the aid of developing a strong, cutting-edge & well-equipped military and equally capable & self-reliant defence industry.