ENA Sectors 2025-02-25 14:29:04 <p><span style="font-size:14px"><strong>New Delhi, Feb 25 (KNN)</strong> Admiral Dinesh K Tripathi, Chief of the Indian Navy, has described India's semiconductor policy as essentially new oil for the economy that will significantly benefit both civilian and defence sectors, particularly for the technology-driven Navy.</span></p> <p><span style="font-size:14px">Speaking at an event on Monday, Admiral Tripathi emphasised the importance of private sector leadership in defence manufacturing to achieve self-reliance.</span></p> <p><span style="font-size:14px"> If India has to become self-reliant, then the private industry must take the lead in defence manufacturing, he stated.</span></p> <p><span style="font-size:14px">The Admiral highlighted key financial commitments from the Ministry of Defence, noting that 75 percent of the modernisation budget, approximately Rs 1 lakh crore, has been allocated for the defence industry. Of this amount, 25 percent has been earmarked specifically for the private defence sector.</span></p> <p><span style="font-size:14px">Additionally, Rs 450 crore has been allocated this year for the Innovation for Defence Excellence (iDEX) scheme, which supports start-ups and small and medium enterprises in innovation. Since its establishment in 2018, iDEX has signed nearly 400 contracts.</span></p> <p><span style="font-size:14px">Admiral Tripathi detailed that new policies provide grants up to Rs 1.5 crore for small projects, while the Aditi scheme offers funding up to Rs 25 crore for niche technologies.</span></p> <p><span style="font-size:14px">Emphasising the Navy's evolving relationship with industry, Admiral Tripathi remarked, We have shifted from being customers to collaborators, from merchants to partners. </span></p> <p><span style="font-size:14px">He called for collaboration with industry leaders to address the Navy's future technology requirements, expressing the Navy's desire to fully involve and work with you.</span></p> <p><span style="font-size:14px">The Navy has established task forces to engage with industry representatives, understand available technologies and timelines, and identify areas for improvement.</span></p> <p><span style="font-size:14px">(KNN Bureau)</span></p> 41198 https://knnindia.co.in/news/newsdetails/sectors/private-industry-must-take-lead-in-defence-manufacturing-admiral-dinesh-tripathi 2025-02-25 14:29:04 knnindia.co.in