Semiconductor Policy Crucial for Defence Manufacturing, Says Navy Chief
India’s semiconductor policy is a game-changer for defence manufacturing, according to Navy Chief Admiral Dinesh K Tripathi. Speaking at an event on Monday, he emphasized that semiconductors are the “new oil” of the economy, playing a pivotal role in enhancing India’s self-reliance in defence production.
Private Sector’s Role in Defence Innovation
Admiral Tripathi urged private industry to take the lead in defence manufacturing, reinforcing the government’s commitment to domestic production. The Ministry of Defence (MoD) has earmarked ₹1 trillion for modernization, with 75% allocated to the Indian defence industry. Additionally, ₹450 crore has been set aside for the Innovation for Defence Excellence (iDEX) scheme, which supports startups and SMEs in developing cutting-edge defence technologies.
Since its launch in 2018, iDEX has signed nearly 400 contracts, fostering innovation in military-grade technology. The new semiconductor policy is expected to drive advancements in technology-driven naval operations, benefiting both the civilian and defence sectors.
Funding & Industry Collaboration
The government is providing grants of up to ₹1.5 crore for small-scale projects, while the Aditi scheme offers funding up to ₹25 crore for niche defence technologies. Admiral Tripathi stressed that the Navy has transitioned from being a customer to a collaborator, actively engaging with industry leaders to develop future-ready solutions.
To streamline this partnership, the Navy has established task forces to assess emerging technologies, ensuring seamless industry integration for enhanced defence capabilities.
Source: Business Standard
