Republic Day 2021: These 5 startups are building innovative tech solutions to support
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Shreya Ganguly from yourstory said that India houses around 194 defence tech startups that are building innovative tech solutions to empower and support the country’s defence efforts. This Republic Day, YourStory brings you a list of some of these companies.
In India, aerospace and defence is one of the most important sectors of the country, which accounts for almost 1.6 percent of the national GDP. According to a recent report by consultancy firm Maier+Vidorno, the aerospace and defence industry in India is estimated to reach around $70 billion by 2030. The report stated that a huge portion of the Indian defence needs is, however, fulfilled via imports. As the country strives to become aatmanirbhar or self-reliant, the government has been pushing innovators to come up with cutting-edge Made in India technology to empower the defence sector.
The YourStory Team brings you stories of entrepreneurs and change-makers, funding analyses, resource pieces and the first glimpse of emerging trends
