Pre-Budget Expectations Quote on Defence Sector by Captain Nikunj Parashar, Founder & CEO, Sagar Defence Engineering
Below the Pre-Budget Expectations Quote on Defence Sector by Captain Nikunj Parashar, Founder & CEO, Sagar Defence Engineering
The defence budget is an important factor in sustaining preparedness while gradually strengthening indigenous manufacturing as we advance towards Viksit Bharat 2047.
As collaborations between the armed forces, DPSUs, and private industry increase, budgetary support has been crucial to building confidence for long-term investment in indigenous systems and subsystems. With the upcoming iteration of the Defence Acquisition Procedure (DAP), a timely opportunity is presented to implement targeted reforms, such as phased localisation, multipliers focused on Micro, Small, and Medium Enterprises (MSMEs) and stronger vendor-driven ecosystem development, to further liberalise the defence ecosystem, expedite procurement timelines, and effectively catalyse self-reliance in defence manufacturing and contribute towards an Atmanirbhar Bharat
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