Part of: GS Prelims and GS -III – Defence and Security
In news
Recently, the Defence Minister has approved the budgetary support of Rs. 498.8 crore to Innovations for Defence Excellence (iDEX) challenge under the Defence Innovation Organisation (DIO) for the next five years.
About iDEX
It was launched by the Prime Minister in April 2018.
It aims to achieve self – reliance and foster innovation and technology development in Defence and Aerospace.
It engages Industries including MSMEs, start-ups, individual innovators, R&D institutes and academia.
Funded and managed by: DIO
It also functions as the executive arm of DIO.
DIO is a ‘not for profit’ company registered under Section 8 of the Companies Act 2013.
