A top army official has recently said that entrepreneurs in India have immense opportunity in the defence sector as projects worth 30 per cent of the defence budget are open for them.
A top army official has recently said that entrepreneurs in India have immense opportunity in the defence sector as projects worth 30 per cent of the defence budget are open for them.
Director General of Artillery Lt Gen Anjan Mukherjee while addressing the students of a business school in Jamshedpur claimed that the defence sector has business opportunities to the tune of Rs 50,000 crore per annum. He observed that entrepreneurs have plenty of scope to work with the Indian Army in areas such as cyber space, aerospace and surveillance.
“However, South Asia, including India, is lagging behind as far as systematic monitoring is concerned,” he said.
Mukherjee said SMEs, particularly ancillary units, have bright scope to work with the defence sector, which procure everything from spare parts to shoe laces in large quantity every year.
The defence sector is now encouraging private sector to work with them, emphasising the need for maintaining quality services while assuring transparency on the part of the defence sector, he added.
India, he said, should invest more and more in the defence sector to ensure a secure border in the interest of the nation.
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