Nashik: Country’s second defence innovation hub after Coimbatore in Tamil Nadu will be set up in Nashik, Maharashtra, said Union Minister of State for Defence Subhash Bhamre on Friday during a defence industry stakeholders meeting in Ojhar town here.
Bhamre said the defence innovation hub at Nashik will provide a platform to start-ups and innovators in the field of defence innovation. They will make new defence products for the defence-end users like Army, Indian Air Force and Indian Navy.
According to plan, the start-ups will have to make a prototype of the defence products which are required by the defence end users. “The government will give them orders if their prototype is selected by them. The government will also bear expenses even though the prototype of defence products is not selected by the end users,” Bhamre said.
He further informed that the Ministry of Defence had set a target of making the country among the top five arms exporters by 2025. The plan was to achieve annual arms exports of Rs 35,000 crore, he added.