Defence Ministry to launch innovation organisation

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Defence Innovation Organistaion (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).

The Defence Ministry had in December approved the creation of a Defence Innovation Fund (DIF) under which the DIO is being formed. Read More…

 

Credit By: The Economic Times

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