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.
More Stories
Aditya Birla Fashion Ranked India’s 1 and World’s 3 Most Sustainable Retail Company
Mumbai, Jan 19: Aditya Birla Fashion continues to solidify its position as a global leader in sustainable business practices. In...
RR Kabel announces the winners of Kabel Star Season 4 Celebrates four years of the scholarship program worth INR4 Crore
New Delhi, Jan 19: RR Kabel, one of India’s leading consumer electrical and wire and cable manufacturers, announced the national winners of the Kabel Star Scholarship Program 2025,...
Excelsoft and ASEAMETRICS Partner with the Civil Service Commission of the Philippines to Deliver CSC Civil Service Digital Examination (CSC DeX)
Mysore, Jan 19: Excelsoft Technologies Limited(“Excelsoft Technologies”), in partnership with its Philippine partner ASEAMETRICS, will deliver the Civil Service Commission of the Philippines’ Civil Service Digital Examination (CSC DeX) beginning in 2026, supporting the Commission’s nationwide shift to secure, technology-enabled assessments.The partnership...
Professional Housekeepers Association and Karnataka Pest Management Association Sign MoU at ‘Housekeeping Synergy 3.0’
Bengaluru, Jan 19: In a significant step towards strengthening industry collaboration and enhancing hygiene standards, the Professional Housekeepers Association (PHA)...
Celebrate Republic Day with a Desi Brunch at Novotel Hyderabad Convention Centre
Honour the spirit of India’s Republic Day with a vibrant and indulgent Republic Day Brunch at Food Exchange, Novotel Hyderabad...
FIGSI Announces New Leadership for 2026 – 2028 Term
Bangalore, Jan 19: The Federation of Indian Granite and Stone Industry (FIGSI) has announced its newly elected office bearers for...