India unveils prototype funding initiative

by Jon Grevatt

The Indian government has agreed to provide greater financial assistance for local firms investing in the development of military systems and platforms.

The Ministry of Defence (MoD) said in a statement on 17 February that the government will fund up to 70% of the prototype design and development costs of projects that progress under the MoD’s ‘Make-I’ category of procurement.

https://www.janes.com/defence-news/news-detail/india-unveils-prototype-funding-initiative_15604

The Indian government has agreed to provide greater financial assistance for local firms investing i...

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