Defence R&D Budget Allocation for Startups 2022-23
The Union Budget 2022-23 introduced measures to boost private sector involvement in defence research and development.
Key Allocation:
- A specific portion of the Defence Research and Development (R&D) budget was earmarked for start-ups and private entities.
- This allocation was set at $25\%$.
This initiative aims to foster innovation and leverage the capabilities of the private sector in defence manufacturing and R&D.
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