News:The Government of India has set up a Innovations for Defence Excellence (iDEX) framework to boost India’s indigenous defence sector.
About IDEX Framework:
- Innovations for Defence Excellence(iDEX) was launched by the Government of India in 2018.
- It is funded and managed by the Defence Innovation Organization(DIO).
- It primarily aims at creation of an ecosystem to foster innovation and technology development in Defence and Aerospace by engaging Industries including MSMEs, start-ups among others.
- It also provides grants/funding to carry out R&D which has good potential for future adoption for Indian defence and aerospace needs.
- Defence Innovation Organization(DIO) is a ‘not for profit’ company formed under Section 8 of the Companies Act 2013 by two Defence Public Sector Undertakings(DPSUs) namely HAL & BEL.