July 11, 2024 4:40 PM

DRDO awards seven new defence projects to private sector

The Defence Research and Development Organisation (DRDO) has taken a significant step towards strengthening India's defence capabilities by awarding seven new projects to private sector companies. This move, part of the Technology Development Fund scheme, aims to nurture industries in the defence and aerospace sectors, with a particular focus on supporting MSMEs and startups. Among the approved projects is an Indigenous Scenario and Sensor Simulation Toolkit, awarded to Oxygen 2 Innovation Pvt...