Rajnath launches Defence India Startup Challenge 5 0 thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
PHOTOGALLERY India | News18.com | February 5, 2021, 10:57 am
2/ 5 Rajnath says, Startup India is based on three major pillars simplification and handholding, funding and incentives and industry-academia partnerships.
3/ 5 Addressing the Startup Manthan, Rajnath said Rs 4500 crores of investment has been made in 384 startups through funds of fund scheme. He said the Indian economy is soon going to be driven by startups.
4/ 5 Rajnath said the Central government is acutely conscious that startups being the latest entrants in the defence manufacturing sector require that extra push and with this aim in view, the govt has taken many steps to foster and encourage this partnership with private industry.
MSMEs bag ₹203 cr defence orders at Aero India 2021
February 05, 2021
Defence Minister Rajnath Singh - PTI×
60 start-ups in 30 tech areas display their prowess before the aerospace industry
Anil Urs Micro, Small and Medium Enterprises (MSMEs) which took part in the country’s premier aerospace event, Aero India 2021, have got orders worth over ₹203 crore.
Defence Minister Rajnath Singh speaking at the ‘Start-up Manthan’ organised by Innovation for Defence Excellence (iDEX) at the Air Force Station, here on Friday said, “These 45 MSMEs bagging orders worth ₹203 crore is very heartening news and I am sure it will grow further.”
“In the aerospace sector, 300-plus start-ups are currently engaged and under iDEX, 10 start-ups have developed products worth ₹100 crore which have been showcased at the event,” he added.
Start-ups to drive Indian economy soon, says Defence Minister at Aero India
He said 60 winners out of more than 1,200 start-ups and innovators who participated in the Defence India Start-up Challenge (DISC) have received grants of up to Rs 1.5 crore each to build prototypes
Share Via Email
| A+A A-
Defence Minister Rajnath Singh during the inaugural ceremony of Aero India 2021 show in Bengaluru. (Photo | Shriram BN, EPS) By Express News Service
BENGALURU: The latest version of the Defence Acquisition Procedure 2020 allows start-ups to participate in Make-in-India forums and reserves projects up to Rs 100 crore for Micro, Small and Medium Enterprises (MSMEs), Defence Minister Rajnath Singh said on Friday.