Bharat Elec­tron­ics and HAL to launch non­profit com­pany to boost in­no­va­tion in de­fence ap­pli­ca­tions

Electronics Bazaar - - Industry News -

Bharat Elec­tron­ics Lim­ited (BEL) and de­fence avi­a­tion ma­jor Hin­dus­tan Aero­nau­tics Lim­ited (HAL) plan to launch the De­fence In­no­va­tion Or­gan­i­sa­tion (DIO) as a non-profit com­pany to fos­ter technology de­vel­op­ment and in­no­va­tive prod­ucts with com­mer­cial po­ten­tial for the de­fence sec­tor.

The De­fence Min­istry had in De­cem­ber 2016 ap­proved the cre­ation of a De­fence In­no­va­tion Fund (DIF), un­der which the DIO is be­ing formed. The com­pany will fund the de­vel­op­ment of new and in­no­va­tive prod­ucts and so­lu­tions for In­dia’s de­fence re­quire­ments.

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