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Today: Jun 12, 2024
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India boosts defense start-ups with 23 licensing agreements granted.

1 min read

TLDR:

Key Points:

  • India’s Defence Research and Development Organisation granted 23 Licensing Agreements for Transfer of Technology (LATOT) to 22 companies at an ‘Industry Meet’ during the Maharashtra MSME Defence Expo.
  • Licensing deals aim to boost the defence manufacturing sector and promote self-reliance in defence in line with India’s ‘Aatmanirbhar Bharat’ vision.

Article Summary:

India’s Defence Research and Development Organisation (DRDO) recently gathered domestic start-ups at the Maharashtra MSME Defence Expo to promote indigenous innovation in the defence sector. During the event, the DRDO granted 23 Licensing Agreements for Transfer of Technology (LATOT) to 22 companies working across various defence sectors. These agreements cover technologies such as electronics, laser technology, armaments, combat vehicles, and more.

The products based on these DRDO technologies are expected to enhance the defence manufacturing sector and contribute to India’s self-reliance in defence. Dr Kamat highlighted DRDO’s commitment to supporting the development of India’s defence industries in line with the vision of Prime Minister Narendra Modi’s ‘Aatmanirbhar Bharat’ initiative. The recent success of DRDO products has not only increased India’s self-reliance in military technology but also opened up opportunities for the defence manufacturing industry.

In addition, the Indian Ministry of Defence has been actively promoting the use of domestically produced systems across its Armed Forces. With collaborations and initiatives like the US’ INDUS-X program, India’s defence industry is attracting attention from global partners. The ongoing efforts to strengthen domestic capabilities and promote self-reliance in defence technology align with India’s strategic goals for national security and industrial development.

Overall, the granting of licensing agreements to defence start-ups marks a significant step towards bolstering India’s defence industry, fostering innovation, and achieving self-reliance in defence technology.