Launch of DISC 5.0 – Defence Ministry

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23 August 2021 Current Affairs:Rajnath Singh (Defence Minister) launched Defence India Startup Challenge (DISC) 5.0 beneath (iDEX-DIO) – Innovations for Defence Excellence – Defence Innovation Organisation initiative, on 19th August 2021, in New Delhi. 

Highlights:
♦ The Defence Ministry has earmarked Rs 1,000 crore for home procurement via the iDEX initiative for the monetary year 2021-2022. The Defence Production Department, Ministry of Defence has accepted budgetary support of Rs. 498.80 crore for iDEX for the subsequent five years from 2021-22 till 2025-26.
♦ Defence India Startup Challenge is a platform wherein the Government, Services, think tanks, industry, startups and innovators can work collectively to help the defence & aerospace sectors attain full workability with the aid of developing a strong, cutting-edge & well-equipped military and equally capable & self-reliant defence industry.
 

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