The rush of reforms in the private sector of defence has grabbed headlines with the Tatas, Adani, Mahindra and others developing mega projects like the C295 MW aircraft to battle tanks. The real action is in smaller companies. Mega projects are creating an ecosystem for defence that is nurturing special capabilities, onboarding technology and patents and will create scope for both domestic defence market and for exports in the long run.
There is enthusiasm and entrepreneur self-belief in companies that India can over time successfully pivot to making defence equipment locally. Additionally, biggies like Reliance Industries and Adani are also turning into venture capitalist putting money into nascent defence industry startups.
The policy push
Denne historien er fra March 2023-utgaven av Geopolitics.
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Denne historien er fra March 2023-utgaven av Geopolitics.
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