Question : Defence Innovation Fund

(a) whether the Union Government has created Defence Innovation Fund;

(b) if so, the salient features and the core objective of the Defence Innovation Fund;

(c) the sources from where the funds are proposed to be mobilised; and

(d) the extent to which it will help indigenisation of various defence and aerospace related platforms being manufactured in the country based on Transfer of Technology (ToT)?

Answer given by the minister

MINISTER OF STATE (DR. SUBHASH BHAMRE)
IN THE MINISTRY OF DEFENCE
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(a) No, Madam.

(b) to (d): Do not arise.

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