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Defence Startups: Rajnath Singh announces winners of Defence India Startup Challenge

Synopsis
While announcing the winners of Defence India Startup Challenge, Defence Minister Rajnath Singh hinted that the funding for developing prototypes could be increased from the current grant of Rs 1.5 crore each.
AP
Attaining self-reliance in defence manufacturing is a crucial factor for maintaining India’s strategic autonomy, Defence Minister Rajnath Singh says.
Bengaluru: The defence ministry has selected a host of projects, including adaptive stealth, smart loitering munitions, pseudo satellite and underwater swarm drones, for development by startups as part of a programme to promote indigenous technology.
Announcing the winners of the Defence India Startup Challenge, Defence Minister Rajnath Singh hinted that the funding for developing prototypes could be increased from the current grant of Rs 1.5 crore each as the government is focusing on promoting indigenous design and development. ....

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Start-ups to drive Indian economy soon, says Defence Minister at Aero India

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
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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. ....

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