Budget 2026 Must Focus on Scaling MSMEs to Power India’s Defence & Drone Manufacturing: Jyoti Global Plast MD

Hiren Shah, Managing Director at Jyoti Global Plast says, “The importance of MSMEs is growing at a fast pace in the economy. The industry is infact emerging as a key pillar supporting India’s manufacturing renaissance in the defence sector and beyond. In areas such as drone manufacturing and unmanned systems, targeted capex incentives, output-linked support, rationalised taxation and R&D enablement can help MSMEs scale indigenous technologies and accelerate adoption. From a policy standpoint, the upcoming Budget must focus on execution and scale by lowering entry barriers for high-tech MSMEs, speeding up procurement cycles and creating stable demand visibility in defence manufacturing. Strengthening access to financing, encouraging advanced manufacturing investments and deepening domestic value addition will help MSMEs move up the value chain and advance India’s self-reliance goals while positioning the country as a global hub for defence and drone technologies.” Happy to share additional details or facilitate an interaction, if required.