Why is it in the News

The Ministry of Defence on Sunday said that Innovations for Defence Excellence-Defence Innovation Organization (iDEX-DIO) will participate in the 10th edition of the Vibrant Gujarat Summit from January 10 to 12 in Gandhinagar.

About iDEX:

• iDEX (Innovations for Defence Excellence), the flagship scheme of the Ministry of Defence, Govt of India launched by Prime Minister Modi in 2018.
• The objective of the scheme is to cultivate an innovation ecosystem in the Defence and Aerospace sector by collaborating with startups, innovators, MSMEs, incubators, and academia.
• iDEX offers grants and support for R&D with significant potential for future adoption in Indian defense and aerospace.
• It is currently engaged with around 400+ Startups and MSMEs, till now procurement of 31 items worth over Rs 2000 Cr. has been cleared.
• Recognized as a game-changer in the defense ecosystem, iDEX has received the PM Award for Innovation in the defense sector.

What is the Vibrant Gujarat Summit?

• The Government of Gujarat organizes the Vibrant Gujarat Global Summit, also known as Vibrant Gujarat, a biennial global business event held in the state of Gujarat, India.
• It attracts business leaders, investors, corporations, thought leaders, and policymakers, serving as a platform to understand and explore business opportunities in Gujarat.
• Launched in 2003 and now held every two years, the summit aims to promote Gujarat as an attractive investment destination, fostering partnerships and collaborations across various sectors.
• Industry associations, both nationally and internationally, support the summit, making it one of Gujarat's crucial economic forums.
• The event creates a platform for business leaders, policymakers, and investors to explore opportunities for investment, collaboration, and partnership in sectors such as energy, manufacturing, infrastructure, information technology, agriculture, healthcare, and more.
• It facilitates discussions, negotiations, and agreements in these key sectors.
• The Tenth edition of Vibrant Gujarat Global Summit is being held from 10 to 12 January 2024 in Gandhinagar, Gujarat.
• Its theme is 'Gateway to the Future'.
• This Tenth Edition of the Summit will celebrate “20 Years of Vibrant Gujarat as the Summit of Success”.
• There are 34 Partner countries and 16 Partner organizations for this year’s Summit.
• Further, the Ministry of Development of North-Eastern Region will utilize the Vibrant Gujarat platform to showcase investment opportunities in the North-Eastern regions.