Innovations for Defence Excellence (iDEX) Prime

Innovations for Defence Excellence (iDEX) Prime

Part of: Prelims and GS-III: Indian economy

Context: Defence Minister Rajnath Singh launched Innovations for Defence Excellence (iDEX) Prime and the sixth Defence India Start–up Challenge (DISC–6) meant to encourage defence start–ups during DefConnect 2.0.

• Aims to support projects, requiring support beyond Rs 1.5 crore up to Rs 10 crore, to help ever-growing start-ups in the defence sector.
• iDEX has, so far, introduced more than 100 winners to the market, providing direct & indirect employment to thousands of skilled and semi–skilled people.
• Stressed on continuous strengthening of all sectors, especially the security apparatus, to deal with the challenges that may emanate from the fast–changing world order.