The Venture Intelligence Blog

  Source:  The Venture Intelligence Private Equity Deal Database . Want a deeper dive into the funding data? Take a demo of our databases  here . Venture Intelligence  is India's longest-serving provider of data and analysis on Private Company Financials, Transactions (Private Equity, Venture Capital, and M&A) & their Valuations in India.

Source: The Venture Intelligence Private Equity Deal Database . Want a deeper dive into the financial and funding data? Take a demo of our databases here . Venture Intelligence is India's longest-serving provider of data and analysis on Private Company Financials, Transactions (Private Equity, Venture Capital, and M&A) & their Valuations in India.

TOWARDS AN INDIAN ‘MILITARY-INDUSTRIAL COMPLEX’? As of 2021, India has the second largest armed forces and the third largest defence budget in the world. However, historically, the defence sector in India has been a monopoly for public sector companies. In 2001, the defence sector was unlocked for domestic private businesses subject to certain licensing requirements. This was also the same time foreign investors were permitted to invest in the defence sector. Initially, foreign direct investment ( FDI ) was permitted up to a maximum of 26%. Over the years, the FDI cap has been substantially increased and currently stands at 100%, subject to certain conditions. More recently, due to external aggression from neighbouring states, the Government has been keen to further develop the Indian defence manufacturing sector. The thrust has been to encourage the development of indigenous solutions for its defence requirements and reduce its external dependency. In this article, we will discuss the