NEW DELHI: Private sector should move forward from just 'participation' to 'taking the lead' in defence sector , defence minister Rajnath Singh said Friday, stressing the govt was fully committed to making India an innovation and technology hub.
"Technology has transformed conventional warfare into unconventional warfare. New dimensions have been added to modern-day warfare such as drones, cyber warfare, bio-weapons, and space defence," Singh said, addressing scientists, industry leaders, academia, start-ups, MSMEs , and entrepreneurs at a DRDO-industry workshop on ' defence technology acceleration'.
"In this transformative phase, R&D in defence will definitely make the defence sector stronger. It is time for the private sector to take lead as it has the ability to absorb rapid changes and create new innovations," he said.
Noting that consistent efforts are being made by DRDO to strengthen the R&D environment and promote scientific temperament in the country, Singh said, "The technology development fund scheme is providing up to 90% of the total project cost as grant support to eligible industries."
"The total support is up to Rs 50 crore, which is a good amount for any MSME and start-up to invest in defence R&D. Since its launch six years ago, 79 projects have been sanctioned, of which, technology has successfully been developed in 18 projects," Rajnath added.
"Technology has transformed conventional warfare into unconventional warfare. New dimensions have been added to modern-day warfare such as drones, cyber warfare, bio-weapons, and space defence," Singh said, addressing scientists, industry leaders, academia, start-ups, MSMEs , and entrepreneurs at a DRDO-industry workshop on ' defence technology acceleration'.
"In this transformative phase, R&D in defence will definitely make the defence sector stronger. It is time for the private sector to take lead as it has the ability to absorb rapid changes and create new innovations," he said.
Noting that consistent efforts are being made by DRDO to strengthen the R&D environment and promote scientific temperament in the country, Singh said, "The technology development fund scheme is providing up to 90% of the total project cost as grant support to eligible industries."
"The total support is up to Rs 50 crore, which is a good amount for any MSME and start-up to invest in defence R&D. Since its launch six years ago, 79 projects have been sanctioned, of which, technology has successfully been developed in 18 projects," Rajnath added.
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