Q. Consider the following statements regarding the Defence Testing Infrastructure Scheme (DTIS):
1. Its aim is to create a state-of-the-art testing infrastructure in partnership with the private industry.
2. Projects under the scheme will be fully-funded by the central government.
Which of the above statements is/are correct?
- Statement 1 is correct
- Statement 2 is incorrect
About Defence Testing Infrastructure Scheme (DTIS):
Launched by: Ministry of Defence in 2020.
Aim: To create a state-of-the-art testing infrastructure in partnership with the private industry.
Key Features of the Scheme:
Target: The scheme aims to set up 6-8 Greenfield Defence Testing Infrastructure facilities that are required for defence and aerospace-related production.
- A greenfield project is one that is not constrained by prior work. It is constructed on unused land where there is no need to remodel or demolish an existing structure.
Funding: 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). The SPV constituents will be the Indian private entities and state governments.