VK Saraswat, a prominent NITI Aayog member and erstwhile director general of DRDO, has urged venture capitalists to amplify their financial backing for Indian defence startups. He accentuated the substantial strides these startups have built, advocating for stronger venture capital involvement to sustain and expedite this growth trajectory.
Amid discussions on strengthening defence ties with the US while preserving relations with Russia, Saraswat reiterated India’s commitment to meeting its strategic security requireds. This approach involves prioritizing the procurement of essential technologies and weapons, without the necessity of choosing alliances over national interests.
The 2026-27 Union Budreceive reveals significant defence allocations aimed at large-scale weapon production, indigenization, and fostering private sector engagement to enhance cost competitiveness and efficiency. The budreceive promotes an ecosystem conducive to startup innovation, aligning with global trfinishs in modern warfare and anticipated technological shifts.
(With inputs from agencies.)
