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businessline impact: MoD swings into action, collates info from MSMEs slapped with 18% GST tax for defence innovation

Sherry Gaur, Program Executive at iDEX, writes to pvt players who got their funds

As India continues to strive towards becoming a global leader in innovation and technology, the government has taken a major step towards achieving this goal with the launch of iDEX (Innovations for Defence Excellence) program. This initiative aims to promote innovation and entrepreneurship in the defence sector by providing a platform for collaboration between the government, private sector and academia.

Under this program, the government has allocated funds to support startups and small businesses in developing innovative solutions for the defence sector. This has opened up a world of opportunities for private players who have the potential to bring about significant changes in the defence industry. And as the Program Executive at iDEX, I am writing to all the private players who have received these funds to express my utmost appreciation and to encourage you to make the most of this opportunity.

First and foremost, I would like to congratulate you on your selection for the iDEX program. It is a testament to your hard work, dedication and innovative ideas. Your selection not only reflects your capabilities but also the potential of the Indian private sector to drive innovation and growth in the defence sector.

With the funds provided by the government, you now have the resources to turn your ideas into reality. This is a significant step towards achieving self-reliance in the defence sector and reducing our dependence on foreign imports. Your innovations have the potential to not only strengthen our national security but also contribute to the growth of the Indian economy.

I understand that being a part of the iDEX program comes with a great responsibility. You are not just representing your own company, but also the entire private sector. Your success will pave the way for other private players to join the program and contribute to the growth of the defence industry. Therefore, it is important that you make the most of this opportunity and deliver innovative solutions that meet the needs of our armed forces.

As you embark on this journey, I would like to remind you that the road to success is not an easy one. It will require hard work, perseverance and resilience. But I have no doubt that with your determination and passion, you will be able to overcome any challenges that come your way.

At iDEX, we are committed to supporting you in every step of your journey. Our team of experts will provide you with all the necessary guidance and support to help you bring your ideas to life. We also encourage you to collaborate with other startups and businesses in the program to exchange ideas and expertise. Together, we can create a strong ecosystem for innovation in the defence sector.

I would also like to take this opportunity to remind you of the importance of ethical practices in your work. As private players, we have a responsibility to maintain the highest standards of integrity and transparency. This will not only help in building trust with our stakeholders but also contribute to the growth and credibility of the Indian private sector.

In conclusion, I would like to once again congratulate you on your selection for the iDEX program. This is just the beginning of a journey that has the potential to transform the defence industry in India. I urge you to make the most of this opportunity and deliver innovative solutions that will make our nation proud. Let us work together towards achieving the vision of a self-reliant and technologically advanced India. I wish you all the best for your future endeavors.

Sincerely,

Sherry Gaur
Program Executive, iDEX

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