Defence Minister Rajnath Singh has recently approved INR 498.8 crore budgetary support for research and innovation in the defence sector through iDEX. The funds will be used to provide financial assistance to around 300 start-ups, MSMEs and individual innovators in the defence sector. The primary objective of the move is…
Taking another giant leap towards self-reliance, the Ministry of Defence recently announced second list of 108 defence products adding to the previous list of 101 products banned for imports for defence industry. As per the Ministry of Defence, the decision would boost the indigenisation and strengthen partnerships between public and…
Indian companies planning to grow using defence offsets can leverage this opportunity for entering the global aerospace & defence business and create a sustainable competitive advantage by strategizing beyond parochial boundaries of domestic business. Excitement has been prevailing since DPP 2005 was formulated and defence offsets were defined. Since then,…
The Aerospace & Defense industry has been a key sector for driving innovations globally. It has instigated innovations that have broader implications and in many cases have affected day-to-day life in a positive manner. AI, GPS navigation, commercial aircraft, and satellites are few examples of innovations that have made colossal…
Rapid prototyping is the speedy creation of a full-scale model. It is a preparatory version of any product before it is mass-produced. Rapid prototyping using 3D printing technology is a quick, easy, cost-effective way to turn great ideas into successful products. 3-dimensional printing enables designers to design the product and…