New Delhi : The Prime Minister’s Office (PMO) has asked the Niti Aayog to set up an inter-ministerial empowered committee to prepare a roadmap to ‘encourage domestic manufacturing’ of lightweight body armours for the army and para-military forces. The committee, according to a senior governm…
Tag: DRDO
For 8% GDP growth, manufacturing needs to grow at 12-14%: Niti Aayog
India’s manufacturing sector needs to grow at 12-14 per cent for the country’s overall growth rate to touch 8 per cent, NITI Aayog member V K Saraswat said on June 1. Speaking at a seminar on modernisation of Indian Navy, the former DRDO chief said the country’s current share of…
Industry leaders to meet Defence Minister & discuss policy to transform MSMEs in sector
Ahead of the Defence Acquisition Council (DAC) meeting next May 15, industry representatives are meeting the Defence Minister Arun Jaitley on May 11 to discuss issues related to the delay in government’s Strategic Partnership (SP) for defence. The SP policy was to be part of the amended Defence P…
“Make In India” – A creative mentation
“Make in India”, an International marketing campaign was coined and formally launched by our Prime Minister, Narendra Modi on September 25, 2014. It aims to convert India into a Global Manufacturing Hub, generating employment and boosting the economy, by urging both local and foreign …
AI startup Innefu Labs raises $2 mn from IndiaNivesh Fund
Artificial intelligence startup Innefu Labs today said it has raised $2 million (over Rs 12 crore) in funding from IndiaNivesh Venture Capital Fund. The series A funding will see IndiaNivesh acquiring a minority stake in the company, Innefu Labs said in a statement. The transaction was facilitate…
Govt to fund defence MSME work up to Rs 10 cr project cost
New Delhi: More than two years after announcing it, the government has finally kick started its defence technology fund scheme — a cornerstone of the Make in India initiative that will fund research by MSMEs on urgent military technology projects up to a value of Rs 10 crore. In the first r…
HAL & DRDO the current windows for MSMEs participation with Defence Indigenisation: Air Marshal P P Khandekar
HAL & DRDO the current windows for MSMEs participation with Defence Indigenisation: Air Marshal P P Khandekar, AO-in-C (Maintenance), IAF emphasized, articulating that MSMEs should progress with defence indigenization programme with increased Research & Development (R&D) having innova…
India considers Venture Capital Funds to discharge offsets
Overseas defense companies could invest in select Indian Venture Capital Funds (VCF) to discharge compulsory defense offsets if a proposal, currently under consideration, is implemented by the Indian Ministry of Defence (MoD), according to a Senior Ministry Official. Investments by overseas compa…
Indian start-ups showcase prowess in Africa
In an effort to boost the start-up ecosystem in Africa, a delegation of 21 Indian start-ups, which had accompanied Prime Minister Narendra Modi to Kenya, have showcased their technologies and case studies there. These start-ups were jointly led by the Federation of Indian Chambers of Commerce and…
Copper-Titanium alloy to be made first time in India by a Pune startup
Under the aegis of the DRDO-FICCI Accelerated Technology Assessment & Commercialization (ATAC) initiative DRDO concluded a technology-transfer process for its indigenously developed Copper-Titanium technology to Pahwa Metal Tech Private Limited (PMTPL), a Pune-based startup founded by industr…