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Defence Budget: Unveiling India's Rs 6.21 lakh crore Defence budget with a dual focus on self-reliance and export boost

Finance Minister Nirmala Sitharaman has unveiled a staggering allocation of Rs 6.21 lakh crore for the Ministry of Defence during the Interim Budget presentation. This marks a 4.3% increase from the previous year, constituting 13.04% of the Union Budget. A key feature is the introduction of the DeepTech Initiative, focusing on cutting-edge technologies for defense. The budget breakdown includes allocations for capital expenditure, defense pensions, and defense services, with a strategic emphasis on digitization, modernization, and self-sufficiency in defense. ....

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deeptech: Budget speech mention of deeptech leaves industry wanting more

Industry participants, investors and founders alike, expressed enthusiasm for the potential schemes push to the deeptech startup ecosystem that has seen the likes of Ideaforge, Tonbo Imaging and PierSight – across stages of maturity that have defence-led applications. ....

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