The proposed registration of the Section 8 Company with the Ministry of Corporate Affairs will bear the name ‘Advanced Materials (Defence) Testing Foundation' or any other similar name as the case maybe.

The main object of incorporation of Joint Venture Company under Defence Testing and Infrastructure Scheme promulgated by Ministry of Defence is to provide focused, structured, and significant thrust to indigenous Research, Development and Manufacturing in the Defence Sector, with special focus on participation of MSMEs and Startups, by providing state of the art testing facilities.

The company will subscribe to 20% stake in the joint venture company with capital investment of Rs 3 crore.