iDEX sets record with signing its 150th contract

Tags: Economy/Finance National News

Innovation for Defense Excellence (IDEX), a flagship initiative of the Department of Defense Production, has set a milestone with the signing of its 150th contract on December 21, 2022 in New Delhi.

Important facts

• The contract was signed by Joint Secretary (Defence Industries Production) & Additional CEO/DIO Anurag Bajpai with CEO, Altair Infrasec Pvt Ltd Anil Anand in the presence of Defence Secretary Giridhar Aramane.

• iDEX achieved this milestone within five months of signing its 100th contract on July 26, 2022.

• The contract relates to an Indian Navy project of the Defence India Start-up Challenge (DISC 7) SPRINT edition. 

• The challenge was titled ‘Expendable Mobile Anti-Submarine Warfare (ASW) Training Target (EMATT) capable of simulating the sound and movement of a submarine’ and the winner was Altair Infrasec Pvt Ltd, Pune.

• It envisaged the development of a training target capable of being deployed on platforms from P8I aircraft, MH60R helicopters, ships with speeds of up to 10 knots and other remotely operated aircraft, requiring EMATT to be launched.

About iDEX framework

• It was launched by the Prime Minister in 2018 with the objective to provide a platform of co-creation and co-development in the defence sector, engage start-ups and develop defence and aerospace set up in the country.

• It is being implemented by the Defence Innovation Organisation (DIO), established under the Department of Defence Production.

• Till date, iDEX has received over 6,500 applications from individual innovators, MSMEs and start-ups under DISC, PRIME and OC.

• It has also been able to create thousands of jobs and attract India's talent back to the country.

• It has also been awarded the prestigious Prime Minister Award for Public Policy in Innovation Category for the year 2021. 

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