India's Bridge to Global Defence Start-ups

Union Commerce and Industry Minister Piyush Goyal has advocated the potential for bridging Indian and international startups in the defence and aerospace sectors. He forecasts a promising trajectory for India, stressing its potential to be a preferred supplier in these critical industries.

Speaking at the Aerospace SEZ in Devanahalli, Goyal praised India's innovation and design capabilities. He emphasized India's evolution from design and production to becoming a key player in the global supply chain, reflecting the country's strengthened relationships with developed nations.

Further underlining government support, Goyal pointed out the recent Rs 1 lakh crore initiative to bolster R&D and innovation, alongside a Rs 2 lakh crore employment scheme. He lauded the deep tech sector and Bengaluru's startup ecosystem as crucial components in India's economic future.

(With inputs from agencies.)