iDEX-DIO signs 100th innovation contract

28 Jul 2022 CW Team

In April 2018, Prime Minister Narendra Modi launched a project named iDEX (Innovations for Defence Excellence), billed as the Ministry of Defence鈥檚 (MoD鈥檚) flagship for technological innovation. iDEX was to encourage start-ups and provide them a platform for co-creation and co-development in defence and aerospace technology.

iDEX signed its 100th contract in New Delhi with a firm called Pacify Medical Technologies.

Speaking on the occasion, Defence Secretary Ajay Kumar said, 鈥淲e are confident that iDEX will make India the biggest defence innovation ecosystem in the world.鈥�

iDEX is funded and managed by the 鈥淒efence Innovation Organization鈥� (DIO), which is a not-for-profit company as per Section 8 of the Companies Act 2013. Its founder members are the two biggest defence public sector undertakings (DPSUs): Hindustan Aeronautics (HAL) and Bharat Electronics (BEL).

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