Rajnath Singh approves budget of Rs 499 crore for innovation in defense sector

Rajnath Singh approves budget of Rs 499 crore for innovation in defense sector

National Desk: Defense Minister Rajnath Singh has approved a budget of about Rs 499 crore for research and innovation in the defense sector for the next five years. The Defense Ministry said on Sunday that the fund would be used to provide financial assistance to around 300 startups, small, small and medium industries (MSMEs) and individual innovators to achieve the goal of self-reliance in the defense sector. The plan is part of the government's effort to reduce imports of military equipment and weapons and make India a hub for defense manufacturing.

Defense Minister Rajnath Singh has approved a budget of Rs 498.8 crore for Defense Excellence Innovation (Idex)-Defence Innovation Organization (DIO) for the next five years, the ministry said in a statement. It said that the main objective of idex-dio is self-reliance and indigenization in the defense and aeronautical sector. The scheme, with a budgetary support of Rs 498.8 crore for the next five years, aims to provide financial assistance to around 300 startups/MSMEs/individual innovators and 20 partner organizations under the DIO framework, the ministry said. It said that the dio will help in creating a medium for innovators to interact with the Indian defense production enterprise.

The ministry said that the scheme will help the Indian defense and aeronautical sector to rapidly develop innovative, indigenous and innovative technologies to meet their needs in a short span of time. In the last few years, the government has taken several corrective steps and initiated several initiatives to make India a hub of defense production.


113 people died in Maharashtra due to monsoon havoc, Uddhav Thackeray visited Chiplun

113 people died in Maharashtra due to monsoon havoc, Uddhav Thackeray visited Chiplun

National Desk: The death toll in parts of Maharashtra rose to 113 on Sunday with 100 people missing after one more person died in the last 24 hours due to floods, landslides and other rain-related incidents. The state government gave this information. The government said in a statement that 50 people were also injured in these incidents. Chief Minister Uddhav Thackeray on Sunday visited the severe flood-hit Chiplun in Ratnagiri district of Konkan region. A group of locals stopped the Chief Minister's convoy and told him about the problems being caused by the ravages of rain in the area.

The Chief Minister interacted with the residents, traders and shopkeepers and promised all possible help from the state government to restore normalcy in the area. Thackeray said he would need "central assistance for long-term relief work". He said he would visit western Maharashtra on Monday and a comprehensive data on the extent of damage would be prepared.