India inks 100th defence innovation contract under iDEX initiative

• PTI
• 26 July, 2022

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By: PTI

THE Indian defence ministry on Tuesday (26) signed the 100th contract for defence innovation under a framework called iDEX (Innovations for Defence Excellence) that was launched by prime minister Narendra Modi in 2018.

The flagship initiative of iDEX was rolled out to encourage start-ups and other such entities engaged in defence innovation.

The iDEX initiative is being implemented by the Defence Innovation Organisation (DIO), which was established under the department of defence production under the defence ministry.

“Today, the 100th contract was signed by additional secretary (defence production) and CEO, DIO, Sanjay Jaju with CEO Pacify Medical Technologies Pvt Ltd Saiprasad Poyarekar,” the ministry said in a statement.

Defence secretary Ajay Kumar was also present on the occasion.

“We are confident that iDEX will make India the biggest defence innovation ecosystem in the world. For this, I would like to thank the tireless and continuous efforts and support from all the stakeholders, including the services, the start-ups, partner incubators and the iDEX team,” Kumar said.