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Defence Testing Infrastructure Scheme
May 24 , 2020
1520 days
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- Union Government has approved the launch of Defence Testing Infrastructure Scheme (DTIS).
- It aims to give a boost to domestic defence and aerospace manufacturing.
- The projects under the Scheme will be provided with up to 75% government funding in the form of ‘Grant-in-Aid’.
- The remaining 25% of the project cost will have to be borne by the Special Purpose Vehicle (SPV) whose constituents will be Indian private entities and State Governments.
- A Special Purpose Vehicle (SPV) is a legal entity that is formed for a well-defined, sole and narrow purpose.
- Union Government in 2019, has set up defence industrial corridors in Uttar Pradesh and Tamil Nadu.
- Uttar Pradesh Defence Industrial Corridor includes - Lucknow, Kanpur, Agra, Aligarh, Chitrakoot and Jhansi.
- Tamil Nadu Defence Industrial Corridor includes - Chennai, Hosur, Salem, Coimbatore and Tiruchirappalli.
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