One of the first aims of India as a nation since Independence has been to achieve self – reliance in the field of defence and defence production. India is the world’s largest defence equipment importer and is expected to spend around USD 220 Billion in the coming decade to modernize its armed forces.
In the recent years, the government of India has initiated various schemes like Make In India, Startup India, Atal Innovation Mission (AIM)4, etc to encourage innovation and entrepreneurship in the Indian commercial ecosystem.
This has also made increasingly evident that achieving the goal of self – sufficiency for the Indian military will require a means to incorporate innovation rapidly in the weapons procurement process.
Ministry of Defence aims to create an ecosystem which fosters innovation and encourages technology development in Defence by engaging R&D institutes, academia, industries, start- ups and even individual innovators.