Part of: GS Prelims and GS-III – Defence; Indigenization of Technology and Developing New Technology.
In News:
To give a boost to domestic defence and aerospace manufacturing, Defence Testing Infrastructure Scheme (DTIS) was approved recently with an outlay of Rs 400 crore.
State of the art testing infrastructure shall be created for the defence sector under this scheme.
Key takeaways:
Six to eight new test facilities in partnership with private industry shall be set up.
This will facilitate indigenous defence production and reduce imports of military equipment making the country self-reliant.
The projects will be provided with up to 75% government funding in the form of ‘Grant-in-Aid’.
The remaining 25% of the project cost will have to be borne by the Special Purpose Vehicle (SPV).
The constituents of SPV will be Indian private entities and State Governments.
The SPVs will be registered under Companies Act 2013 and shall also operate and maintain all assets under the Scheme, in a self-sustainable manner by collecting user charges.
