What is the key objective of the iDEX (Innovations for Defence Excellence) initiative?

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OSSC Excise SI (Mains) Official Paper (Held On: 17 Oct, 2024 Shift 1)
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  1. Establish new military bases in remote areas
  2. Promote foreign investment in Indian defence sector
  3. Develop nuclear deterrent capabilities
  4. Fund and support startups for defence technology innovation

Answer (Detailed Solution Below)

Option 4 : Fund and support startups for defence technology innovation

Detailed Solution

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The correct answer is Fund and support startups for defence technology innovation.

Key Points

  • The iDEX initiative is launched by the Government of India to foster innovation and technology development in Defence and Aerospace.
  • iDEX aims to engage industries including MSMEs, startups, individual innovators, R&D institutes, and academia to provide them grants/funding and other support to carry out research and development.
  • The initiative is meant to create an ecosystem that will support and sustain innovation and technology development in Defence and Aerospace sectors.
  • iDEX is also intended to enhance the capabilities of the Indian defence sector to meet the requirements of modern warfare and to make India self-reliant in terms of defence technology.

Additional Information

  • Innovations for Defence Excellence (iDEX)
    • Launched in April 2018, iDEX is an initiative by the Department of Defence Production, Ministry of Defence, Government of India.
    • It aims to create an ecosystem to foster innovation and technology development in Defence and Aerospace by engaging industries including MSMEs, startups, individual innovators, R&D institutes, and academia.
    • iDEX provides funding, mentorship, and other support to the participants to develop and commercialize their innovative solutions.
    • iDEX also aims to reduce import dependency and increase the export potential of Indian defence products, thereby contributing to the vision of 'Atmanirbhar Bharat' (Self-reliant India).
  • Defence Innovation Organisation (DIO)
    • DIO is a not-for-profit company established under Section 8 of the Companies Act 2013 by the Department of Defence Production, Ministry of Defence, Government of India.
    • It is responsible for implementing the iDEX initiative.
    • DIO acts as the execution arm for iDEX and is responsible for providing the necessary support to the innovators and startups participating in the program.
    • The organization works towards identifying innovative solutions and technologies that can be integrated into the defence manufacturing ecosystem.
  • Challenges faced by iDEX
    • Despite the support from the government, iDEX faces challenges in terms of bureaucratic delays and lengthy procurement processes.
    • There is also a need to enhance collaboration between various stakeholders including the defence forces, industry, and academia to ensure the successful implementation of innovative solutions.
    • Funding and resource allocation can also be a bottleneck for the successful execution of projects under iDEX.
    • However, continuous efforts are being made to address these challenges and streamline the processes to achieve the desired outcomes.
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