Indian Ministry of Defence allocates Rs 300 crore ($40m) to TDF for cutting-edge tech development and 'Make in India' initiative.

The Indian Ministry of Defence has allocated over Rs 300 crore ($40 million) to the Technology Development Fund (TDF) for the development of cutting-edge technology and to support the 'Make in India' initiative. The TDF scheme aims to create an ecosystem that enhances capabilities in defence technology, fostering collaboration between the industry and academia. The fund will provide grants-in-aid to Indian industries, MSMEs, startups, and academic institutions, supporting them in the development of defence and dual-use technologies not currently available in India.

July 03, 2024
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