(Image source from: www.thehindu.com)

With the rise in the threat to India’s safety and security in the past few months, it is a need of prime importance that India has its hands on some of the latest technological advances that would further help streamline the process of defence without any sorts of compromise.

In recent events, it has been suggested that India is all set to fund over 250 defence startups in the upcoming 5 years to further seek and polish new technologies that will provide with a cutting edge benefit to the armed forces in battling things out for the better.

The main aim that the defence ministry of India is opting for is to at least have 50 tangible innovations sorted out by then by the startups which can then be inducted in the years to come.

The defence ministry is believed to be earmarking around Rs. 500 crore for its innovations for the Defence excellence (iDEX) initiative. This is going to help bring together innovators within the public and the private sectors along with the armed forced to further find new technological solutions for better defence.

Proposing and showing his support towards the initiative, Defence Minister of India, Mr Rajnath Singh stated saying that India could very well emerge as a $10 trillion economy in the coming 10-15 years if the innovations work out in their favour.

Singh further clarified stating that it is necessary for India to change course from being a subtle net importer to an overall net innovator as well as exporter of the defence technologies in the coming future.

By Somapika Dutta