The Government has identified the Defence and Aerospace sector as a focus area for the ‘Aatmanirbhar Bharat’


GDP spent on defence (2021-22)


Share in global arms import

US$ 11.3 bn

Market size of the defence sector

INR 5.94 lakh crore

Allocation in Budget 2023-24


largest military spender in the world


Capital Acquisition Budget of the Defence Services for FY 2022-23


Investments FDI in defence sector through the Automatic Route


dedicated Defence Industrial Corridors in the States of Tamil Nadu and Uttar Pradesh


Focus on Indigenously Designed Developed and Manufactured (IDDM) category is expected to bring significant investments in defence R&D.

Ministry of Defence


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Provides the policy framework and wherewithal to the Armed Forces to discharge their responsibilities in the context of the defence of the country

Defense and Strategic Industries Association of India


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One of the designated agencies of government to promote defense indigenization

Defence Research & Development Organisation


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A network of 50 laboratories engaged in developing defence technologies covering various disciplines

Department of Defence Production


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Deals with matters pertaining to defence production.

Investment Opportunities

  • US$130bn worth investment opportunities to emerge in the sector over the next 5-7 years.
  • Defence Procurement Procedure has been amended to encourage participation of foreign OEMs.
  • Above US$300mn worth of procurement will be necessary to be eligible for project offsets.

Key Investors

India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive and capital establishments


India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive, and capital establishments


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