Launch of Defence Testing Infrastructure Scheme

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19 August 2021 Current Affairs:The Central Government launched the Defence Testing Infrastructure Scheme in May 2020.

About the Defence Testing Infrastructure Scheme:
♦ The Scheme was once launched with an outlay of Rs four hundred crore for developing ultra-modern checking out infrastructure in partnership with the personal industry.
♦ The chief purpose of the Scheme is to enhance home defence and aerospace manufacturing.
♦ The Scheme would run for 5 years and envisages putting up of 6-8 Greenfield Defence Testing Infrastructure amenities required for defence and aerospace associated production.
♦ The initiatives below the Scheme will be furnished with up to seventy-five per cent Government funding in the structure of ‘Grant-in-Aid’. The ultimate 25 per cent of the assignment fee will have to be borne with the aid of the Special Purpose Vehicle (SPV) elements which will be Indian personal entities and nation governments.
♦ The SPVs below the Scheme will be registered underneath the Companies Act, 2013 and shall additionally function and hold all belongings below the Scheme in a self-sustainable manner by amassing consumer charges.
♦ The target of the Scheme is to promote indigenous defence production, with a distinct center of attention on participation of MSMEs and Start-Ups through bridging gaps in defence trying out infrastructure in the country.
♦ Setting up defence trying out infrastructure will furnish handy get admission to and meet the trying out wants of the home defence industry.

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