Defence Secretary Ajay Kumar said that the step is a big boost to startups in defence. He stated that the approval will give a big boost to become self reliant in the defence manufacturing sector.
New Delhi: Defence Innovation Organisation (DIO) is to be launched as a non-profit company later this month to foster technology development and innovative products with commercial potential for the defence sector, informed sources said. The company is being formed by defence electronics major Bharat Electronics Limited (BEL) and defence aviation major Hindustan Aeronautics Limited (HAL). […]