Igniting Younger Minds Through Defence Start UPS

Authors

  • Nimi Dev. R. Associate Professor, Government College for Women, Thiruvananthapuram

DOI:

https://doi.org/10.33516/maj.v58i9.46-49p

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Abstract

Atmanirbhar Abhiyan has been a bold step from the Government of India in the midst of the adverse challenges faced by sectors like tourism, MSMEs, rural entrepreneurs during the Covid-19. It was a boost for all the affected sectors as there was an initial funding of Rs.20 lakh crore to the needy sectors. It is indeed a giant leap towards making India independent by ensuring self-reliance in aviation, agricultural sector, power and coal. The basic idea behind the scheme is to produce goods on their own and do not rely on imports for producing goods. In the stimulus package, Rs.10200 crore was provided for industrial infrastructure, incentives and domestic defence equipment. Defence India Start-up Challenge was established by the Government of India to create prototypes and market products in the defence sector. The major start-ups in the defence sector contributed towards introduction of drones, underwater camera surveillance system and robotic equipment which would be helpful for the defence sector. The main challenge before such start-up is to establish it with an international perspective so that it can generate foreign revenue.

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Published

2024-03-23

How to Cite

R., N. D. (2024). Igniting Younger Minds Through Defence Start UPS. The Management Accountant Journal, 58(9), 46–49. https://doi.org/10.33516/maj.v58i9.46-49p

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Cover Story

References

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