Q How important are defence startups in India’s overarching aim of achieving atmanirbharta in defence production? What role can they play?
A Defence startups are crucial for India's atmanirbharta. India’s defence sector is an important area with an ocean of opportunities for self-reliance.
With large-scale modernisation requirements of the Indian armed forces, India’s vision for Atmanirbhar Bharat has provided further impetus to realise the goal of indigenisation of the defence sector. [Startups] bring innovation, agility and new technologies, helping reduce reliance on imports.
A large startup ecosystem allows India to explore multiple emerging ideas in parallel and assess initial outcomes. The larger industries (including defence PSUs) can then focus on amplifying the success stories in the startup ecosystem.
Q Are there particular areas and verticals where the government wants startups to focus on?
This story is from the August 18, 2024 edition of THE WEEK India.
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This story is from the August 18, 2024 edition of THE WEEK India.
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