: Ministry of Defence partners ISpA to boost Indian defencespace ecosystem #FinanceIndia #StockMarketNEWS Ministry of Defence partners ISpA to boost Indian defence-space ecosystem Bengaluru, Feb 17

@StockMarketNEWS Mon 20 Feb, 2023

Posted in: #FinanceIndia #StockMarketNEWS

Ministry of Defence partners ISpA to boost Indian defencespace ecosystem #FinanceIndia #StockMarketNEWS
Ministry of Defence partners ISpA to boost Indian defence-space ecosystem Bengaluru, Feb 17 (KNN) The Indian Space Association (ISpA) has joined hands with Defence Innovation Organisation (DIO) to promote manufacturing, indigenisation, technology and innovation in India’s defence-space sector.

Under this agreement, ISpA and DIO will promote the Indian space industry, including start-ups and MSMEs, to develop innovative solutions to meet military requirements and enhance the Indian defence-space ecosystem.

The Defence Innovation Organisation (DIO) works under the Ministry of Defence (MoD).

As per reports, ISpA will serve as platform for the Indian defence space Industry and academia to build a collaborative-participatory relationship.

Speaking about this initiative, Lt Gen AK Bhatt (retd), Director General, Indian Space Association, said, “The private space industry in India is rapidly expanding and it requires support.”

The Innovation for Defence Excellence under the DIO has already provided start-ups with 75 projects to work on. (KNN Bureau)

Stock Market News & Best Intraday tips & Stocks near support

Report