14 June 2021
by Jon Grevatt
The Indian Ministry of Defence (MoD) has approved funding of INR5 billion (USD68.3 million) to support the growth of indigenous defence technology innovation. The MoD said on 13 June that the funding will be made available over the next five years to nearly 300 small businesses through the government's Innovations for Defence Excellence (iDEX) initiative.
It added that the funding will benefit both small businesses and the Indian military as they “increase awareness” about the capabilities and requirements of each other.
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The Indian Ministry of Defence (MoD) has approved funding of INR5 billion (USD68.3 million) to suppo...