About Defence Sector
Guardians of Growth: Seizing Investment Prospects in India's Defence Realm.
India's status as the world's third-largest military spender unveils remarkable prospects in the defence domain. Aspirations are set high, aiming for a USD 22 billion defence sector with USD 4 billion in exports by 2025. Bolstering this pursuit, the Ministry of Defence commands a significant USD 72 billion budget, constituting 13.18% of the total.
Evidencing commitment, the defence budget has surged by 13% year-on-year. To nurture a robust defence manufacturing ecosystem, two Defence Industrial Corridors have emerged in Uttar Pradesh and Tamil Nadu, enticing investments into the sector.
Aligned with self-reliance goals, the Defence Acquisition Procedure 2020 streamlines business processes for the industry's betterment, showcasing India's commitment to innovation and growth.
Delve into Defence investment projects in India, contributing to a secure and prosperous future.