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iDEX gets a Rs 498 crore budget to support innovations

Defence Minister Rajnath Singh has approved budgetary support of Rs 498.8 crore to Innovation for Defence Excellence (iDEX)-Defence Innovation Organisation (DIO) for the next five years.  The Ministry said that the funds would be utilised in providing financial support to nearly 300 start-ups, micro, small, and medium enterprises (MSMEs), and individual innovators with a larger goal of ensuring…