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India's Defence Manufacturing: Startups Boosted by Government Initiatives
India's defence sector is witnessing a surge in private participation, driven by government initiatives like iDEX and Make in India. The government has allocated 25% of the defence R&D budget to the private sector, aiming to reduce import dependence and foster innovation. This push is attracting former government scientists and repeat founders to launch startups in defence manufacturing, signaling a shift towards self-reliance in India's military capabilities.
βοΈ AI Verdict
"A strategic move for India's defence sector, fostering innovation and self-reliance."
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