Arete Consultants

Defence

Explore unparalleled investment opportunities in India’s dynamic defence sector, positioning the nation as the world’s third-largest military spender. With ambitious goals set, India aims to achieve a USD 22 billion defence sector, including USD 4 billion in exports by 2025. Underlining this ambition, the Ministry of Defence commands a substantial budget of USD 72 billion, representing 13.18% of the total.

Demonstrating steadfast commitment, the defence budget has witnessed a remarkable year-on-year increase of 13%. To foster a robust defence manufacturing ecosystem, two Defence Industrial Corridors have emerged in Uttar Pradesh and Tamil Nadu, presenting lucrative investment prospects in the sector.

In alignment with the nation’s self-reliance objectives, the Defence Acquisition Procedure 2020 has streamlined business processes, emphasizing India’s dedication to innovation and sustainable growth in the defence realm.