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India's defence minister says assured orders and faster contracts, not a new fund, will drive private investment in defence.
Defence Secretary Rajesh Kumar Singh said India doesn’t need a government-backed venture capital fund to grow its defence sector, stating assured government orders and faster contract approvals are enough to attract private investment.
Speaking at the ANI National Security Summit, he emphasized that a strong order book helps startups secure funding, and that India already has a growing venture capital ecosystem supporting defence innovation.
He stressed the importance of fully utilizing the defence budget and expediting domestic contracts, calling timely procurement more critical than creating a U.S.-style strategic fund.
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El ministro de Defensa de la India dice que las órdenes garantizadas y los contratos más rápidos, no un nuevo fondo, impulsarán la inversión privada en defensa.