March 26, 2021 No Comments

Aerospace & Defence Industry to Reach $70 bn by 2030

NEW DELHI: Defence sector has been earmarked as a priority segment under the ‘Aatm Nirbhar Bharat’ campaign, which not only contributes to external and internal peace and strengthens security mechanism but also contributes towards the socio-economic development of the country. By 2030, India’s aerospace and defence industry is estimated to reach a market valuation of around $70 billion. Against this backdrop, playing a pivotal role in achieving the vision of Atmanirbhar Bharat as well as Make in India is the start-up ecosystem. According to government data, India has around 194 start-ups in the defence-tech space that are leveraging new-age technologies

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