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Time of India
4 days ago
- Business
- Time of India
DRDO boosts indigenous defence manufacturing with over 2,000 tech transfers in 2024: Official
DRDO has significantly advanced India's self-reliance in defence manufacturing, signing over 2,000 licensing agreements for technology transfer and issuing more than 200 production licenses in 2024, an official said on Wednesday. The official also highlighted that over 130 industries have been identified as development partners or production agencies in the last five years, bolstering indigenous defence capabilities. "Over 2000 agreements were signed for technology transfer licenses," Chandrika Kaushik, Director General (PC&SI) of Defence Research and Development Organisation (DRDO) said while speaking at the CII Manufacturing Conclave East in Kolkata. Under the Technology Development Fund (TDF) scheme, private industries are actively contributing core technologies, with DRDO providing financial support of up to Rs 50 crore per system along with technical guidance. Scientists from DRDO labs are closely mentoring these industries to ensure successful outcomes, she added. The conclave also featured insights from industry leaders, including Sudhanshu Mani, considered the brain behind Vande Bharat, who stressed the need for manufacturing to align with logistics, while Tata Steel's Ashish Anupam noted the eastern region's growth outpacing the national average. CII's Market Facilitation Services (MFS) initiative was also discussed, aimed at helping Indian industries expand globally.
Time of India
4 days ago
- Business
- Time of India
DRDO tech drive: Over 2,000 technology transfer deals inked in 2024, 200 licences issued
The Defence Research and Development Organisation (DRDO) has signed over 2,000 technology transfer agreements and issued more than 200 production licences so far in 2024, significantly advancing India's push for self-reliance in defence manufacturing, a senior official said on Wednesday. 'Over 2,000 agreements were signed for technology transfer licences,' said Dr Chandrika Kaushik, Director General (PC&SI), DRDO, speaking at the CII Manufacturing Conclave East held in Kolkata, PTI reported. She said more than 130 private industries have been onboarded as development partners or production agencies in the past five years. Dr Kaushik also highlighted that under DRDO's Technology Development Fund (TDF) scheme, private players are receiving financial support of up to Rs 50 crore per system along with technical guidance to develop core military technologies. 'Scientists from DRDO labs are mentoring these industries to ensure the success of such projects,' she added. The conclave also featured insights from key industry leaders. Sudhanshu Mani, known as the architect of the Vande Bharat train, emphasised the need to synchronise manufacturing with logistics, while Tata Steel's Ashish Anupam pointed out that eastern India's industrial growth was currently outpacing the national average. The Confederation of Indian Industry (CII) also presented its Market Facilitation Services (MFS) initiative at the event, aimed at helping Indian industries tap into global markets. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
4 days ago
- Business
- Business Standard
DRDO signs 2,000 tech transfer deals to boost defence sector: Official
The DRDO has significantly advanced India's self-reliance in defence manufacturing, signing over 2,000 licensing agreements for technology transfer and issuing more than 200 production licenses in 2024, an official said on Wednesday. The official also highlighted that over 130 industries have been identified as development partners or production agencies in the last five years, bolstering indigenous defence capabilities. "Over 2000 agreements were signed for technology transfer licenses," Chandrika Kaushik, Director General (PC&SI) of Defence Research and Development Organisation (DRDO) said while speaking at the CII Manufacturing Conclave East in Kolkata. Under the Technology Development Fund (TDF) scheme, private industries are actively contributing core technologies, with DRDO providing financial support of up to Rs 50 crore per system along with technical guidance. Scientists from DRDO labs are closely mentoring these industries to ensure successful outcomes, she added. The conclave also featured insights from industry leaders, including Sudhanshu Mani, considered the brain behind Vande Bharat, who stressed the need for manufacturing to align with logistics, while Tata Steel's Ashish Anupam noted the eastern region's growth outpacing the national average. CII's Market Facilitation Services (MFS) initiative was also discussed, aimed at helping Indian industries expand globally. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
4 days ago
- Business
- Time of India
DRDO boosts indigenous defence manufacturing with over 2,000 tech transfers in 2024: Official
DRDO is significantly boosting India's defence self-reliance, having signed over 2,000 technology transfer agreements and issued over 200 production licenses in 2024. Over the past five years, more than 130 industries have been identified as development partners, enhancing indigenous defence capabilities. DRDO supports private industries with financial aid and technical guidance through the Technology Development Fund. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The DRDO has significantly advanced India's self-reliance in defence manufacturing, signing over 2,000 licensing agreements for technology transfer and issuing more than 200 production licenses in 2024, an official said on official also highlighted that over 130 industries have been identified as development partners or production agencies in the last five years, bolstering indigenous defence capabilities."Over 2000 agreements were signed for technology transfer licenses," Chandrika Kaushik, Director General (PC&SI) of Defence Research and Development Organisation (DRDO) said while speaking at the CII Manufacturing Conclave East in the Technology Development Fund (TDF) scheme, private industries are actively contributing core technologies, with DRDO providing financial support of up to Rs 50 crore per system along with technical from DRDO labs are closely mentoring these industries to ensure successful outcomes, she conclave also featured insights from industry leaders, including Sudhanshu Mani, considered the brain behind Vande Bharat, who stressed the need for manufacturing to align with logistics, while Tata Steel's Ashish Anupam noted the eastern region's growth outpacing the national Market Facilitation Services (MFS) initiative was also discussed, aimed at helping Indian industries expand globally.
