One of the country’s first Defence incubators will come up in Hyderabad, which is India’s missile development centre and fast emerging the hub for aerospace industries. The incubator will be housed at T-Hub. The Telangana State government proposes to accommodate the Defence incubator in the upcoming Phase-2 of the T-Hub.
The incubator will be funded through the Ministry’s Innovation for Defence Excellence (iDEX) scheme. Under the scheme research in the fields of Aerospace & Defence by MSMEs, start-ups, research institutions, educational institutions are to be funded. The iDEX will be funded and managed by a Defence Innovation Organisation (DIO).
Source- The Hindu Business Line
Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
- Nirmala Sitharaman is the present Defence Minister of India.