Manohar Parrikar pledges fund to encourage defence startups
Defence Minister Manohar Parrikar while inaugurating the 11th Aero India show on Tuesday, said that the government will create a new technology innovation fund to encourage startups in the defence sector. The initial contribution will come from Hindustan Aeronautics Limited and the Bharat Electronics Limited, he added. The fund will also be open to both Indian and foreign firms.