iDEX Current Affairs - 2020

Defence Ministry approved procurement of 5,100 crores of hardware

On January 22, 2020, the Defence Acquisition Council approved the Procurement of defence equipment that are of worth Rs 5,100 crores. The equipment are to be purchased from indigenous sources.

Highlights

The equipment to be purchased include electronic Warfare systems that are manufactured by DRDO. It also includes other equipment that are manufactured by local Indian industries.

Also, the council approved the shortlist of Indian Strategic Partners. They will collaborate with the Original Equipment Manufacturers (OEM) to construct six submarines. According to the approval, the private firms are to be pulled in partnership with the OEMs.

The Council also approved the inclusion of iDEX (Innovations Defence Exellence) in Defence Procurement Procedure.

iDEX

Innovations for Defence Exellence was launched in April 2018 to foster technology development in Defence and Aerospace. It is being funded by Defence Innovation Organization that was formed by HAL And BEL. Apart from funding the DIO will also provide policy guidance to iDEX.

Defence Acquisition Council

The Council was formed based on recommendations made by Group of Ministers on “Reforming the National Security System”. The Group was formed after Kargil war, 2001. Defence Minister is the Chairman of the council.

The Council approves acquisition proposals, transfer of technology decisions, field trial evaluation, decisions of offset provisions that are above Rs 300 crores.

Def Connect: Ministry of Defence showcases the innovations of iDEX initiative

Ministry of Defence (MoD) is organizing the “Def Connect” event on November 11, 2019. The main objective of the event is to showcase the accomplishments of iDEX-Innovations for Defence Exellence.

Highlights

  • The event will bring together several stakeholders such as MoD selected startups, nodal agencies of Indian Navy and Indian Air Force, Industrial Associations, DRDO, Defense PSUs, etc.
  • The iDEX portal and the DISC-Defense India Startup Challenge are to be launched during the event
  • More than 350 startups are to participate in the event

Significance

  • The event will help bridge the gap between stakeholders. It will act as a precursor to the forthcoming DefExpo 2020 that is to be held in Lucknow, Uttar Pradesh in 2020.
  • The event will also help in achieving the defense production target of Rs 35,000 crore by 2024.

iDEX iniative

  • It was introduced in 2018 by the Ministry of Defense
  • The initiative aims at creating an ecosystem that will encourage technology development in the Defense sector
  • The iDex will be operated by the DIO-Defense Innovation Organization. The main functions of DIO includes
    • Check the reports submitted by iDEX
    • Provide high level policy guidance
  • The Ministry had also set the Technology Development Fund alongside to hasten the initiative.